Gold-Silver Price: Rising hopes of a possible peace agreement between the United States and Iran have lifted sentiment across global markets. Riding this trend, gold and silver prices moved higher today. In contrast, however, crude oil prices were under pressure on Friday.
Gold and Silver Move Higher
On the final trading session of the week, both gold and silver traded in the green with gains on the Multi Commodity Exchange (MCX). At around 09.54 am, gold for August 5 delivery was up 0.71 per cent, or 1,052 rupees, at 1,49,984 rupees per 10 grams. Silver for July 3 delivery, meanwhile, advanced 1.13 per cent, or 2,717 rupees, to 2,42,370 rupees per kilogram. On the other hand, crude oil slipped 1.50 per cent, or 124 rupees, to trade at 8116 rupees per barrel.
Gold Touches 1,50,600 Rupees per 10 Grams
On Friday, gold for August 5 delivery opened sharply higher at 1,50,595 rupees per 10 grams, compared with Thursday's close of 1,48,932 rupees per 10 grams. During the day's trade, gold swung between an intraday high of 1,50,600 rupees per 10 grams and an intraday low of 1,49,850 rupees per 10 grams.
Silver Posts Strong Gains Too
Similarly, silver for July 3 delivery also opened with a healthy gain at 2,42,776 rupees per kilogram, against Thursday's close of 2,39,653 rupees per kilogram. Through the session, silver moved between an intraday high of 2,44,817 rupees per kilogram and an intraday low of 2,42,171 rupees per kilogram.
Crude Oil Prices Decline
As for crude oil, the July 20 delivery contract opened lower at 8,157 rupees per barrel. On Thursday, crude had settled at 8,240 rupees per barrel. During today's trade, crude oil ranged between an intraday high of 8,180 rupees per barrel and an intraday low of 8,102 rupees per barrel.
