The price of gold soared to Rs 71,080 per 10 grams on Monday (April 8) for the first time ever. This marks an increase of Rs 440 (0.62%). The surge is being attributed to a decline in the dollar index. Silver has soared to Rs 82,064, rising by Rs 1,076 (1.33%).

As of the opening of Monday's trade, gold contracts on MCX have surged to Rs 71,080 per 10 grams, witnessing a notable increase of Rs 440 or 0.62%. Simultaneously, silver futures have reached a new high at Rs 82,064, trading at Rs 81,939, up by Rs 1,076 or 1.33%, as of 10:10 AM.

Gold rose on the Multi Commodity Exchange (MCX) on Monday as prices of the precious metal shot up to a record high in the international market amid rising geopolitical tensions in Central Asia.

Gold futures, maturing on June 5, 2024, stood at Rs 70,981 per 10 grams on the MCX, after recording an increase of Rs 345 or 0.49 per cent over the previous close of Rs 70,636.

In the international market spot gold was up 0.6 per cent at $2,343.89 per ounce after hitting a record high of $2,353.79 earlier in the session.

Source : DNA India