The precious metal, Gold has once again risen in Indian market and February gold contracts were trading at the high by 0.30% or Rs.49,685 for 10 grams and March silver was trading at 0.70% high or Rs.67,456 a kilogram at MCX.
The increase in gold prices was due to weakening of the US dollar and the hope of increase in the prices of stimulus as the 47th US President Joe Biden takes charge.
Gold February Futures was at $1866.50 per tray ounce while March Silver was trading at $25.77 per tray ounce and both settle at a positive note in domestic markets.
