Even after today’s rise, gold is currently trading below the level of 52 thousand. At the same time, the price of silver remains at a level below Rs 62 thousand per kg.
Gold became expensive, while silver softened
Today’s indications are mixed in the prices of gold and silver. gold prices I have seen an increase today. Whereas silver has been soft today. The effect of signals from foreign markets has been seen on the price of precious metals. Even after today’s rise, gold is currently trading below the level of 52 thousand. At the same time, the price of silver remains at a level below Rs 62 thousand per kg.
Where did the gold and silver prices reach?
Gold prices rose by Rs 135 to close at Rs 51,898 per 10 grams in the national capital Delhi’s bullion market on Thursday, amid a rise in gold prices in the international market. HDFC Securities gave this information. Due to this, gold had closed at Rs 51,763 per 10 grams in the previous trading session. However, silver fell by Rs 250 to Rs 61,618 per kg. In the international market, gold rose to $ 1,709 an ounce, while silver was down at $ 21.05 an ounce. Significantly, the rupee rose 50 paise to 81.42 per dollar in early trade on Wednesday.
What is the opinion of market experts
Navneet Damani, Senior Vice President, Commodities, Motilal Oswal Financial Services, said market participants have shown a cautious approach ahead of the crucial US inflation data. Inflation data will give an indication of what will be the attitude of the US central bank on interest rates going forward. On the other hand, Vinay Rajni, Research Analyst, HDFC Securities, said, “Sone has been in a phase of consolidation during the last two trading sessions after registering huge gains on Monday. Investors are currently awaiting inflation data amid uncertainty over the US mid-term elections.