The price of gold in Delhi on Thursday rose by Rs 140 to Rs 47,268 per 10 grams. The reason for this is the strengthening of the prices of precious metals in the international market.
The price of gold on Thursday rose by Rs 140 to Rs 47,268 per 10 grams.
Gold, Silver Price Today: The price of gold in the national capital Delhi on Thursday rose by Rs 140 to Rs 47,268 per 10 grams. According to HDFC Securities, this is due to the strengthening of the prices of precious metals in the international market. In the previous trade, the precious metal gold had closed at Rs 47,128 per 10 grams.
Silver also rose by Rs 290 to Rs 61,099 per kg. In the previous trade, silver was at Rs 60,809 per kg. In the international market, gold was trading flat at $ 1,807 an ounce and silver at $ 22.87 an ounce.
Tapan Patel, Senior Analyst (Commodities) at HDFC Securities said that gold prices were trading at $ 1,807 an ounce on Comex Trading on Thursday. The rise in gold prices was helped by a weak dollar ahead of the Christmas holiday and a fall in US bond yields.
Prices in futures trade
In futures trade, gold prices have risen by Rs 16 to Rs 48,215 per 10 grams on Thursday. On the Multi Commodity Exchange, contracts for February delivery traded higher by Rs 16, or 0.03 per cent, at Rs 48,215 per 10 grams in 8,797 lots. Whereas, globally, gold prices were up 0.31 per cent at 1,807.80 per ounce in New York.
On the other hand, silver prices on Thursday rose by Rs 152 to Rs 62,340 per kg in futures trade. On the Multi Commodity Exchange, contracts for silver for delivery in March were up by Rs 152 or 0.24 per cent to Rs 62,340 per kg. These prices are in the business turnover of 10,819 lots.
Prices in Mumbai and Kolkata
At the same time, the price of gold in Kolkata, the capital and metropolis of West Bengal, is Rs 48,950 per 10 grams. At the same time, silver can be bought in this city for Rs 62,200 per kg.
On the other hand, the price of gold in Mumbai metropolis, which is called the financial capital of the country, has been at Rs 48,151 per 10 grams. The price of silver has reached Rs 61,883 per kg in the capital of Maharashtra.
Let us tell you that volatility is expected in gold in the next two months. Experts believe that keeping a close watch on the new strain and how the country and foreign countries react with the restrictions will be more important.