In the last one month, the price of gold has increased by about 5 percent and the price of silver by about 8 percent. This rise in precious metals has been registered due to the signals received from foreign markets.
Gold and silver prices rise
There has been an increase in the prices of gold and silver today. The signals received from foreign markets got an impact on the prices today. Although today’s gain was very limited, but the price movement remained in the direction of strength coming in gold and silver for some time. At present Sleep It has remained above the level of Rs 53 thousand per kg. At the same time, silver is also above the level of Rs 61,500 per kg. There is an upward trend in gold in foreign markets.
What is gold and silver prices
Gold rose by Rs 45 to Rs 53,220 per 10 grams in the bullion market of the national capital on Friday following a firming up in the prices of precious metals in the international market. HDFC Securities gave this information. In the previous trading session, gold had closed at Rs 53,175 per 10 grams. The price of silver also increased by Rs 316 to Rs 61,732 per kg.
In the international market, gold rose to $1,766 an ounce while silver remained unchanged at $21.22 an ounce. Dilip Parmar, Research Analyst, HDFC Securities, said, due to the strength in gold in the international market, the prices of the precious metal rose in the local market.
How much did the prices increase in a month
During the last one month, there has been a rise in the prices of gold and silver. This time gold was soft in the festive season. A month before today, the gold price i.e. on October 17, gold was at the level of Rs 50,793 per 10 grams. Silver was at the level of Rs 57,064 per kg. That is, within a month, the price of gold has increased by Rs 2400 per 10 grams, that is, during this period, there was an increase of 5 percent in the prices of gold. At the same time, silver has become costlier by about 4700 rupees i.e. about 8 percent in a month.