Gold Rate Today: Gold price rises, silver becomes cheaper; Know where the prices have reached
In the Delhi bullion market, gold rose by Rs 75 to Rs 51,863 per ten grams on Friday. Due to this, gold had closed at Rs 51,788 per 10 grams in the previous trading session.
Gold has risen by Rs 75 to 51,863 per ten grams.
Gold in the Delhi bullion market on Friday due to a stable trend in the prices of precious metals in the international market and the weakening of the rupee. (Gold Price Today) With a rise of Rs 75, it has become 51,863 per ten grams. HDFC Securities has given this information. Due to this, gold had closed at Rs 51,788 per 10 grams in the previous trading session. However, the price of silver (Silver Price Today) It closed at Rs 67,996 per kg, down by Rs 453. Silver had closed at Rs 68,449 per kg in the previous trading session. Russia and Ukraine ,Russia Ukraine, Crude oil amid rising tensions in (Crude Oil) The rupee fell to an 11-week low against the dollar on Friday as investors worried about the rise in prices.
In the international market, both gold and silver precious metals remained almost unchanged at USD 1,936 an ounce at USD 25.40 an ounce, respectively.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that the spot price of gold remained almost unchanged at $ 1,936 an ounce on the New York-based commodity exchange Comex on Friday. Gold was supported by a fall in US bond yields as well as concerns over inflation.
According to Navneet Damani, Senior Vice President, Commodity Research Division of Motilal Oswal Financial Services, investors are adopting safer investment options after Russia’s attack on Ukraine’s nuclear power plant.
Prices in futures trade
In futures trade, gold prices rose by Rs 100 to Rs 51,870 per 10 grams on Friday. On the Multi Commodity Exchange, contracts for April delivery were trading higher by Rs 100, or 0.19 per cent, at Rs 51,870 per 10 grams. This is for a business turnover of 11,727 lots.
On the other hand, silver prices rose by Rs 323 to Rs 67,331 per kg in futures trade. On the Multi Commodity Exchange, silver contracts for March delivery rose by Rs 323, or 0.48 per cent, to Rs 67,331 per kg. These prices are in business turnover of 37 lots.
gold and silver price in mumbai
At the same time, the price of gold in Mumbai metropolis, which is called the financial capital of the country, has been at Rs 51,482 per 10 grams. The price of silver has reached Rs 67,743 per kg in the capital of Maharashtra.
Let us tell you that Russian President Vladimir Putin has announced military action in Ukraine. After this, a huge increase in gold prices is expected in the near future. According to a Business Today report, due to tensions between Russia and Ukraine, slowdown in the global economy and high inflation, gold prices may see a sharp rise.
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