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Gold strengthened for the second week in a row

Gold and silver prices also rose at the domestic level last week amid the rise in both precious metals abroad. In the MCX futures market, the price of gold rose by Rs 138 to Rs 48,542 per ten grams. Sona Mini also closed at Rs 48,543 per ten grams on the last trading day with a weekly rise of Rs 153.

Globally, the gold spot rose by $ 22.35 to $ 1,904.50 an ounce last week. US gold futures for August also rose by $ 24.50 to close at $ 1,906.30 an ounce on Friday.

Domestically, silver strengthened by Rs 562 during the week under review and sold at Rs 71,611 per kg on weekends. The price of silver mini rose by Rs 571 to Rs 71,650 per kg.
Silver spot in the international market fell by $ 0.34 to $ 27.93 an ounce.