Boom:Gold prices rose by Rs 871 to Rs 51,115 per 10 grams; Silver up by Rs 2114 to Rs 70,237 per kg

• Gold was trading 2.29% higher at $ 1,938.50 an ounce in New York.
• Silver was trading 4.10% higher at $ 27.50 an ounce in New York.

On Wednesday, speculators strengthened their hold on the demand for gold in the futures market, due to which gold prices rose by Rs 871 to Rs 51,115 per 10 grams. On the other hand, silver also rose by Rs 2,114 to Rs 70,237 per kg due to strong demand in futures trade.

Gold prices surged
by Rs 871, or 1.73 per cent, to Rs 51,115 per 10 grams in the Multi Commodity Exchange in February, with a turnover of 10,514 lots. Gold was trading 2.29% higher at $ 1,938.50 an ounce in New York.

Silver
Price Increase Silver for March delivery on Multi Commodity Exchange rose by Rs 2,114, or 3.1 per cent, to Rs 70,237 per kg, with a turnover of 15,489 lots. Silver was trading 4.10% higher at $ 27.50 an ounce in New York.

On Friday,
the price of gold delivered in February rose by Rs 46, or 0.09 per cent, to Rs 50,197 per 10 grams, with a turnover of 10,070 lots on the Multi Commodity Exchange. At the same time, silver for the March delivery rose by Rs 92 or 0.14 per cent to Rs 68,197 per kg at the Multi Commodity Exchange, with a turnover of 14,044 lots.

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