On the first day of the week, on Monday, today there is a huge rise in gold and silver futures. The gold futures of February 5, 2020 on the MCX exchange at 11:49 am on Monday morning were seeing a steep rise of Rs 119. With this fast, the gold futures price of 5 February 2020 was trending at Rs 38,110 per ten grams.
Talking about the gold futures price of April 3, 2020, it was seen rising by 0.28 per cent or Rs 108 on the first day of the week on Monday on the MCX exchange at 11.51 am on Monday. With this fast, the gold futures price of April 3, 2020 was trending at Rs 38,178 per 10 grams.
At the same time, silver futures are also seeing a sharp rise on Monday. The silver futures on March 5, 2020 on the MCX exchange was seen rising 0.55 per cent or Rs 246 at 11.52 am. On this fast, the futures price of silver remained at Rs 45,150 per kg on March 5, 2020.
Significantly, according to HDFC Securities, gold had recorded a surge of Rs 109 on Friday in Delhi last week. On Friday, gold had closed at Rs 38,894 per 10 grams. At the same time, silver had recorded a huge increase of Rs 338 on Friday. With this increase, the price of silver had closed at Rs 45,786 per kg on Friday.
On the global level, according to Bloomberg, on Monday, the spot price of gold was up 0.21 percent to trend at $ 1481.26 an ounce. On the other hand, the spot price of silver was up 0.44 percent at $ 17.27 an ounce.
Let us now know the futures price of crude oil. On Monday, crude oil futures price has seen a slight decline. On Monday, January 17, 2020, crude oil futures prices were trading 0.16 per cent, or Rs 7, on MCX Exchange on Monday at 12: 04 minutes. Due to this decline, the futures price of crude oil on January 17, 2020 was at Rs 4287 per barrel.