In the international market, gold is trading at a level of $ 1,777.56 per ounce with an increase. On the other hand, silver has come down to $ 21.68 per ounce.
Gold became costlier but silver slowed down
There are mixed signals in the prices of gold and silver today. On the one hand, there was an increase in the price of gold. On the other hand, slight softening has been seen in silver. even after today’s gain Sleep Remained below the level of Rs 53,500, while silver is currently trading below the level of Rs 63,000 per kg. Changes in the prices of gold and silver have been seen due to the signals of foreign markets and the weakness in the rupee.
Where did the prices of gold and silver reach
Today gold prices in Delhi rose by Rs 320 to reach the level of 53,449. According to HDFC Securities, the direction of gold prices has been in line with the prices in foreign markets. At the same time, the effect of limited fall in rupee has also been seen in this. In the last trading session, gold prices were at the level of Rs 53129 per 10 grams.
However, on the other hand, there has been some decline in the prices of silver. Today silver prices have come down by Rs 125 to Rs 62682 per kg. At the same time, in the international market, gold is trading at a level of $ 1,777.56 per ounce with an increase. On the other hand, silver has come down to $ 21.68 per ounce.
What is the opinion of experts
According to Dilip Parmar, Research Analyst, HDFC Securities, gold prices have got the benefit of solid gold demand in the domestic market, increase in prices in overseas markets and softening of rupee. On the other hand, Navneet Damani, Senior VP Commodity Research, Motilal Oswal Financial Services, said that with the softening of inflation in the US, gold prices have remained at a height of about 3 months. On the other hand, uncertainty has increased after Russia’s missile fell on Poland, due to which investors have increased investment in gold. Its effect has been seen on the prices.