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Today's price of gold and silver

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The price of gold has been steadily declining.  Gold closed at a modest gain on the MCX on Monday.  It rose 0.11 per cent to Rs 50067 per ten grams.  In the last five sessions, gold has risen from Rs 50,000 to Rs 50,500.  Silver was down 0.24 per cent at Rs 68,650 per kg.  The global market has seen a modest rise in gold.  That is also when Donald Trump has approved the US stimulus package.

 Gold surges in the global market with the US stimulus package

 The US Congress had earlier approved the stimulus package.  As a result, gold rose 0.1 percent to 75 1875.61 an ounce.  Investors were enthusiastic about it.  It also saw a strong rally in the Wall Street and Asian Scott markets. 



       On the other hand, gold was trading at Rs 49,740 per ten grams in the Delhi Gold Market on Monday.  However, this has been below last week's average of Rs 48,904 per ten grams.  On December 28, gold futures rose 0.19 per cent to Rs 50,858 per ten grams.  Gold had gained 1.29 per cent to Rs 96.63 per ten grams in the previous session.

 Gold ETF SPDR Gold Trust's holding increased

 On the other hand, the holdings of the world's largest gold-based ETFs rose 0.2 per cent to 1,169.86 tonnes.  The price of gold in the domestic market has fallen but is currently up 25 per cent this year.  Gold had touched Rs 56,200 per ten grams in August this year

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