Silver Rate Today LIVE: Gold and silver prices in the international market jumped to a record high on Monday amid a weak US dollar after the US Justice Department threatened the Federal Reserve with a criminal indictment, while geopolitical tensions remained elevated on intensifying protests in Iran.
Gold & Silver Rate Today
MCX silver rate jumped over 4% on Monday amid global uncertainties. MCX silver prices opened higher by ₹10,109, or 4%, at ₹2,62,834 per kg as against its previous close of ₹2,52,725 level. It hit a high of ₹2,63,996 per kg.
MCX gold prices opened over half a percent higher on Monday. MCX gold rate opened 0.56% higher at ₹1,39,600 per 10 grams as against its previous close of ₹1,38,819 level. Gold price hit a high of ₹1,41,250 per 10 grams.
US gold futures rose 1.88% to $4,585.56 an ounce, while Spot gold price was up 1.45% at $4,575.82 an ounce, after hitting a fresh record high of $4,601.17 level. Silver prices jumped 4.85% to $83.19, after surging nearly 10% last week. Silver rate today hit a record high of $83.88 level.
The surge in gold and silver prices came after the US Fed Chair Jerome Powell said the central bank had been served grand jury subpoenas from the Justice Department related to his June congressional testimony on renovations of the Fed’s headquarters, Bloomberg reported.
This led the US dollar retreat from its strongest in a month early on Monday. The dollar index, which measures the greenback’s strength against a basket of six currencies, was last 0.3% lower at 98.899, snapping a five-day winning streak.
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