A divergent trend was seen in the precious metal today. Gold rose for the second straight day to Rs. 100 to Rs. 29,800 per 10 grams. The traders say the rise in the demand for the yellow metal was due to the festive season. GoldPetal prices on the MCX were also trading high today. GOLDPETAL July contract was trading at Rs. 2948 and wsa up 0.1% or Rs. 3. The GOLDPETAL July contract touched an intraday high of RS. 2952.00 and an intraday low of Rs.2945.
Gold of 99.9 and 99.5 per cent purity rose further by Rs. 100 each to Rs. 29,800 and Rs. 29,600 per 10 gms.
On the same platform Silver or the White metal was trading low today. Silver declined about Rs. 150 to Rs. 52,300 per kg.
MCX SilverMIC August contract was down Rs. 94.00 and was trading Rs. 52910. The SILVERMIC rate touched an intraday high of Rs. 52910.00 and intraday low of Rs.52657
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