Gallery
Karnataka rain fury: Photos of flooded streets, uprooted trees
Cannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfit
Ranbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A Kiss
Oscars 2022: Every Academy Award Winner
Shane Warne (1969-2022): Australian cricket legend's life in pictures
Photos: What Russia's invasion of Ukraine looks like on the ground
Lata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'
PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Wedding pics: Mouni Roy marries Suraj Nambiar in South Indian ceremony
73rd Republic Day Parade 2022 - In Pictures
World no. 1 Serbian tennis great Novak Djokovic was named Laureus World Sportsman of the Y
- Asian Games medallist Jyothi Yarraji to train in Spain ahead of Paris Olympics
- Lione Messi said Retirement not on my mind
- Indian Wells: Alcaraz, Swiatek win titles
- African footballer chased and thrashed away in Kerala; reports
- Hockey India announce core probable group for men's national camp in Bhubaneswar
Gold nears Rs 55,000 per 10 gm, silver crosses Rs 70,000 per kg Last Updated : 05 Aug 2020 12:27:59 PM IST 
Gold Gold futures on the Multi-Commodity Exchange (MCX) reached a new record level on Wednesday as it neared the Rs 55,000 mark.
The October contract of gold on the MCX touched an all-time high of Rs 54,910 per 10 gram. It is currently trading at Rs 54,848, higher by Rs 297 or 0.54 per cent from its previous close.The surge in domestic gold futures continues amid the global economic uncertainty and in tandem with international prices.A recent report by the World Gold Council (WGC) showed that it is the record inflow into gold-backed ETFs (Exchange Traded Funds) which has caused the rally in the prices of the yellow metal. The consumer demand, however, has hit rock-bottom amid the pandemic.Inflows into gold-backed ETFs (gold ETFs) accelerated in Q2, taking H1 inflows to a record-breaking 734 tonne. First half inflows surpassed the previous annual record from 2009 of 646 tonne and lifted global holdings to 3,621 tonne, the report said.In line with the trend in gold futures, the September contract of silver on the MCX also touched a high of Rs 70,223.00 per kilogram. Currently, it is trading at Rs 70,129 per kg, higher by Rs 332.00 from its previous close.Apart from pickup in investment and industrial demand, the supply concerns for silver have lifted its prices. Peru, the world's second-largest silver producer, saw itsmine supply fall by one-third due to the Covid-induced lockdowns
.
IANS Mumbai For Latest Updates Please-
Join us on
Follow us on
What binds the two most talked about nations - India and Pakistan together? What makes the
Actor Emraan Hashmi is set to don a never-seen-before avatar of the freedom fighter -- Ram
LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte
172.31.16.186
