Gold Rate Today: Gold becomes expensive before the festive season, buyers get a shock
Gold has increased by Rs 231 to Rs 54,652 per 10 grams. In the previous session, the price of gold had closed at Rs 54,421 per 10 grams.
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Amid a strong global trend, gold rose by Rs 231 to Rs 54,652 per 10 grams in Delhi bullion market on Monday. HDFC Securities gave this information. In the previous session, the price of gold had closed at Rs 54,421 per 10 grams. Apart from this, the price of silver has also increased by Rs 784 to Rs 68,255 per kg.
Dilip Parmar, Research Analyst, HDFC Securities said that gold prices have been rising in Asian trade. He told that gold was trading at $ 1,795 an ounce on the New York-based commodity exchange Comex, up 0.32 per cent. In the international market, gold was present with a profit at $ 1,795.8 an ounce. Whereas, silver has been trading fast at $23.30 an ounce.
Prices in futures trade
In futures trade, gold prices rose by Rs 80 to Rs 54,380 per 10 grams on Monday. On the Multi Commodity Exchange, the contracts for delivery in October were trading higher by Rs 80, or 0.15 per cent, at Rs 54,380 per 10 grams. This is for a business turnover of 14,944 lots.
Let us tell you that the attraction of Indians towards gold is famous all over the world. Even the direct effect of this attraction is seen on the gold business of the whole world and on the import bill of India. In such a situation, it becomes necessary to know that in which region and in which district the love for gold is more than the other part of India. Apart from this, let us tell that India ranks second among the countries with the highest gold consumption in the world.
Opportunity to buy cheap gold
Let us tell that the import of gold and silver has decreased in the country. According to the information released by the Ministry of Commerce, the import of both the metals has decreased in the month of October.
At the same time, the next installment of the Sovereign Gold Bond Scheme 2022-23 has opened for subscription for five days today. The issue price of gold has been fixed at Rs 5,409 per gram. The Reserve Bank of India issues bonds on behalf of the Government of India. The special thing is that this year is the last chance to invest in gold bonds issued by RBI.
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