New Delhi: Gold and silver prices in Indian markets have increased today due to the rise in international markets. October gold futures on MCX gained 0.18 per cent to Rs 53,370 per 10 grams. On the other hand, if we talk about silver, the futures price of silver has increased by 0.8 per cent to Rs 69,688 per kg.
Earlier in the previous session, gold prices had increased by two per cent ie Rs 1033 per 10 grams, while silver had increased by 2.6 per cent ie Rs 1,750 per kg. Earlier this month, on August 7, gold reached a record high of Rs 56,191 per 10 grams. In the global markets, the price of gold rose marginally to $ 1,987.51 an ounce due to the weak US dollar.
The dollar was at a one-week low, making gold cheaper for other currencies. Among other precious metals, silver gained 1 percent to $ 27.69 an ounce and platinum gained 0.9 percent to $ 957.73. Tensions between the US and China have also supported Gold.