Gold and silver prices rise again, know what is the latest price on MCX

Gold and silver prices rise again, know what is the latest price on MCX The prices of gold saw a rise as soon as the market opened on Wednesday. At around 10.30 am, gold was trading at Rs 45803.00 per 10 grams with a rise of Rs 52.00 on Multi Commodity Exchange (MCX).

The prices of gold saw a rise as soon as the market opened on Wednesday. At around 10.30 am, gold was trading at Rs 45803.00 per 10 grams on the Multi Commodity Exchange (MCX) with a gain of Rs 52.00. Gold (MCX) opened at Rs 45,641.00 per 10 gram level. Silver on MCX was also trading at Rs 42183.00 per kg with a gain of Rs 287.00.

Prices can go up to here

Gold rates today have crossed 46 thousand rupees per 10 grams. According to the international market, by 2021, the price of gold can reach 80 thousand per 10 grams. Analysts at Bank of America Securities (BofA Sec) have predicted that by the end of 2021, gold prices in international markets could go up to $ 3000 an ounce. If the 3000 dollar is converted into today's Indian rupee, then this amount is Rs. 2,28,855. In the international market, the price of gold is determined according to ounces. One ounce weighs 28.34 grams. In this case, the price of one gram of gold is 8075 rupees. At this rate, the price of 10 grams of gold is 80,753 rupees.

Invest in gold sitting at home

The Government of India is issuing the Sovereign Gold Bond Scheme. Sovereign Gold is to be released in six installments by 8 September. The best thing about Sovereign Gold Bond is that by investing in it, you will also get an interest of up to 2.5% per annum. In the month of May, you will be able to invest in them between 11 to 15 May.

You can also invest in 1 gram of gold

You can also invest in one gram of gold under the Sovereign Gold Bond scheme. You can buy at least one gram and at least 500 grams of gold in a year here. The special thing is that investing in gold bonds also gives you tax exemption.

You can buy sovereign gold from here

You can buy Sovereign Gold Bond from your bank, Stock Holding Corporation of India Limited, select post office, National Stock Exchange (NSE) or Bombay Stock Exchange (BSE).

Typical of sovereign gold bond

The Sovereign Gold Bond Scheme was launched in November 2015. Its purpose is to reduce the demand for physical gold and to use the money used to invest in gold.