Both gold and silver are trading on the upward side of the Multi Commodity Exchange on Tuesday, February 15, 2022. (MCX).
Gold futures maturing on April 5, 2022, are selling at Rs 50,230 per 10 grammes on the MCX, a minor increase of Rs 280 or 0.56 percent.
Meanwhile, the price of silver futures expiring on March 4, 2022 is Rs 64,600 per kg, up 0.46 percent or Rs 296.
Notably, when the market closed on February 14, gold and silver were priced at Rs 49,916 per 10 gramme and Rs 64,233 per kilogram, respectively.
Gold and silver prices in Chennai are Rs 46,950 for 10 grams of 22 carat gold and Rs 68,700 for silver per kg. In Delhi, Mumbai and Kolkata the rates were Rs 46,300 and Rs 63,800 respectively.
According to Reuters, gold prices pushed higher on Tuesday, approaching a three-month high reached the previous session, as heightened tensions between Russia and the West over Ukraine encouraged investors to shift away from riskier assets and toward safe-haven metal.
According to the most recent metals report, spot gold was up 0.1 percent at $1,871.52 per ounce. Notably, bullion prices reached their highest level since November 16 at $1,873.91 in the previous session, according to news agency Reuters.
Meanwhile, gold futures in the United States rose 0.2 percent to $1,873.40. Furthermore, spot silver rose 0.2 percent to $23.87 per ounce.