Chennai: Gold prices in India have hit a fresh record high today. In Chennai, the price of 22-carat gold climbed marginally to Rs 47,100 while the price of 24-carat gold price in Chennai was at Rs 51,380. Similarly one gram of silver was sold for Rs 65.70.
On Multi Commodity Exchange (MCX), August gold futures rose one per cent to a new high of Rs 50,010 per 10 gram. This is the first time gold prices in India have touched Rs 50,000 in the futures market.
September silver futures on MCX jumped 6.6 per cent to Rs 61,130 per kg. Around 10:30 am, Gold August futures on MCX were trading at Rs 49,950 per 10 gram, up 0.85 per cent or Rs 423.
Silver also rallied 5.42 per cent or Rs 3,108. September futures of Silver were trading at Rs 60,450. The rising number of Covid-19 cases have pushed the prices of gold and silver up to all-time high, as investors look for safe-haven assets.