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After Friday's fall, as soon as the country's futures market opened on Monday, a new rise was seen in the prices of gold and silver. The prices of gold and silver have reached new levels in the futures market of the country. According to the data, an increase of more than Rs 2300 has been seen in the prices of gold. At the same time, an increase of more than Rs 5800 has been seen in the price of silver. Whereas on Friday, the prices of gold and silver had fallen far below the 52-week high. In the current year, gold prices on MCX have seen an increase of more than 61 percent. On the other hand, an increase of about 75 percent has been seen in the prices of silver.

According to experts, the main reason for the increase in the prices of gold and silver on Monday is the decrease in the physical supply of gold and silver and the increase in the tariff war between America and China. Now the interest of investors has increased towards investing in gold and silver. However, the bullish trend in both the prices is likely to continue for a few days. This kind of tussle between America and China is unlikely to continue for long. Let us also tell you what the prices of gold and silver have become…

Gold prices made a new record

There is a tremendous rise in the prices of gold on the country's futures market Multi Commodity Exchange. According to the data, at 10:06 am, gold prices were trading at Rs 1,23,325 per ten grams with an increase of Rs 1,961. Whereas during the trading session, gold prices rose by Rs 2,316 to Rs 1,23,680 per ten grams. However, gold had opened at Rs 1,23,239. Whereas on Friday the price was seen at Rs 1,21,364 per ten grams. Although gold prices were seen at a record level on Thursday, the prices came down on Friday due to profit booking.

Record rise in silver prices also

On the other hand, silver prices are seen increasing at a record pace on the country's futures market Multi Commodity Exchange. At 10:10 am, the price of silver was seen rising by Rs 5,140 to Rs 1,51,606 per ten grams. Whereas during the trading session, the price of silver increased by Rs 5,856 to Rs 1,52,322 per kg. However, silver had opened at Rs 1,48,500. Whereas on Friday the prices of silver came down to Rs 1,46,466 per kilogram. If experts are to be believed, a rise in silver prices may be seen in the coming days. Whereas on Friday the prices of silver had fallen far below the record level.

How much did gold and silver increase in the current year?

If we talk about the current year, there has been a significant increase in the prices of gold and silver. According to the data, on December 31, the price of gold on MCX was Rs 76,748 per kg. Since then, the price of gold has seen an increase of Rs 46,932 i.e. 61.15 percent. On the other hand, the price of silver has seen an increase of about 75 percent in the current year. If we look at the data, on December 31, the price of silver was Rs 87,233 per kg, which has currently reached a record level of Rs 1,52,322. This means that till now an increase of Rs 65,089 has been seen in the prices of silver.

Trade war is the main reason for the increase

According to Anuj Gupta, Director of Wealth, the main reason for the rise in gold and silver prices is the trade war between America and China. Because of which investors have turned towards safe haven. He said that further rise in the prices of gold and silver may be seen in the coming days. At the same time, he said that due to reduction in the supply of physical gold and silver, there is a rise in precious metals. He said that till Dhanreta, gold prices are likely to remain at the level of Rs 1.30 lakh. Whereas the price of silver can remain up to Rs 1.55 lakh.