Yuva Patrkaar, New Delhi : After the recent fall in gold and silver prices. Now there is an upward trend in their prices. On Wednesday, both the Multi Commodity Exchange (MCX) and the bullion market were in a declining trend. Gold has once again crossed the Rs 60k mark. While silver is expected to reach Rs 72k. If you are planning to buy gold or silver jewelry soon. So double check the current rates before making any payment.

Both the metals are expected to rise again

Despite the prolonged fall in the value of gold and silver, experts are optimistic. that both metals would experience a resurgence. Experts guess. That this Diwali the price of gold will reach Rs 65k and the price of silver will reach Rs 80k. On Wednesday, gold and silver prices saw a rise in both the Multi-Commodity Exchange and the bullion market. Today's rates are detailed below.

Mixed trend seen in gold and silver on MCX

There was a rise in the prices of gold and silver on the Multi Commodity Exchange (MCX) on Wednesday morning. However, later the trend of falling gold started. On Wednesday, gold fell by Rs 60 to Rs 59938 per 10 grams on MCX, while silver gained Rs 372 to Rs 71415 per kg. On the previous day, gold had closed at Rs 59998 and silver at Rs 71043 per kg on MCX.

Bullion market experienced a boom

According to the bullion market rates listed on the official website https://ibjarates.com, both gold and silver rose on Wednesday. Gold rose marginally by Rs 33 to Rs 60,435 per 10 grams, while silver gained nearly Rs 200 to Rs 71,076 per kg. In the recent past, when the price of gold fell below Rs 60k, the market saw an increase in the number of buyers. Apart from this, the price of silver was Rs 70861 per kg on Tuesday.