Gold Silver Price Today: Today, gold reached around ₹96,700 and silver ₹1,06,300 in the domestic market
On July 1st, gold prices in the domestic market once again showed an upward trend. On the Multi Commodity Exchange (MCX), the August futures contract for gold started at ₹96,471, with a rise of ₹396. The previous closing price was ₹96,075. At the time of writing, gold was trading at ₹96,690, up by ₹615. During the day, it touched a high of ₹96,834 and a low of ₹96,471.
The highest futures price of gold in 2024 has been ₹101,078. According to current figures, the demand for gold and the situation in the international market are playing a major role in this rise.
Downward trend in silver prices
Meanwhile, silver prices showed weakness. The July futures contract for silver on MCX started at ₹106,190, with a decline of ₹102. The previous closing price was ₹106,292. Until the time of writing, this contract was trading at ₹106,270, with a slight decline of ₹22. During the day, it touched a high of ₹106,337 and a low of ₹106,150.
Silver had touched a high of ₹109,748 per kg this year, which has now come down to some extent. According to market experts, the decline is due to the volatility in silver demand and the strength of the dollar.
Strong start for gold in the international market
The rise in gold prices was seen not only domestically but also globally. The opening of gold in the US futures market, COMEX, was at $3315.70 per ounce, while the previous closing was $3307.70. At the time of writing, it was trading at $3329.10 per ounce, up by $21.40. This year, gold on COMEX has touched a high of $3509.90.
This rise is being seen due to global economic indicators, expectations of changes in interest rates, and potential financial policies in the US.
Global silver prices also slipped
The opening price of silver on COMEX was $36.06 per ounce. The previous closing was $35.85. At the time of writing, it was trading at $35.84 per ounce with a slight decline. Global investors are currently showing caution regarding silver, due to which its price fluctuations are continuing.
Comparison of domestic and international prices
Today's prices of gold and silver on both MCX and COMEX were as follows:
MCX (in Rupees)
Gold
- Opening: ₹96,471 per 10 grams
- Previous Closing: ₹96,075
- Latest Price: ₹96,690
Silver
- Opening: ₹106,190 per kg
- Previous Closing: ₹106,292
- Latest Price: ₹106,270
COMEX (in Dollars)
Gold
- Opening: $3315.70 per ounce
- Previous Closing: $3307.70
- Latest Price: $3329.10
Silver
- Opening: $36.06 per ounce
- Previous Closing: $35.85
- Latest Price: $35.84
Market volatility remains
While the shine of gold became brighter today, silver weakened slightly. These fluctuations will continue to change based on investor strategies, global signals, and local market demand. In the coming days, domestic festivals, global inflation, and announcements related to interest rates could further affect the prices of gold and silver.
