new Delhi: Gold Price Today 08 December 2020: The price of gold is showing slight uptrend today. The February futures of gold on MCX closed at Rs 50129, trading at a strength of Rs 183. Gold on MCX has once again reached above Rs 50,000 per 10 grams. Gold had closed at Rs 49946 per 10 gram, down from Rs 50,000 yesterday.
Silver prices fall by Rs 110
At the same time, but there is a slight softening in silver prices today. Silver futures on MCX closed down by Rs 237 to trade at Rs 65262 per kg. The silver had closed at Rs 65499 per kg yesterday.
Know where the gold price is
According to the website Gooreturns.in, today the rate of 24 carat gold in Delhi is running at Rs 52,430 per 10 grams, which was Rs 52,420 yesterday. Today the rate of 24 carat gold in Kolkata is Rs 50660 per 10 grams, which was Rs 50650 yesterday. The price of 24 carat gold in Mumbai is Rs 49,330, which was Rs 49320 per 10 grams yesterday. The rate of 24 carat gold in Chennai is Rs 51,630, which was Rs 50790 per 10 grams yesterday.
Silver rate in bullion market
According to the website Gooreturns.in, the rate of silver in Delhi today is Rs 65,500 per kg whereas yesterday the rate was Rs 63,000 per kg. In Mumbai also, the price is Rs 65,500 per kg, in Kolkata also the rate is Rs 65,500 per kg. Silver rate in Chennai is Rs 69,500 per kg, which was Rs 66,600 per kg yesterday.
Why the rise in gold prices?
The prices of gold and silver were seen falling for the last several days. But now it is faster than the relief package in America is expected soon. Here, there are also signs of relief packages coming soon in Japan. This has had an impact on the price of gold. Democratic leader Chuck Schumer in the US Senate has said that negotiations on the relief package bill have moved forward. The Government of Japan has said that it is going to present a total relief package of $ 708 billion. Fiscal measures will have a share of $ 385 billion.
Pressure from corona vaccine news
The continuous positive news about the Corona vaccine is putting pressure on the prices of gold and silver. The news of the Corona vaccine being delivered to the people in America very quickly put further pressure on prices. Sentiments have also deteriorated among companies competing for approval of their own vaccine in front of the authority.