Categories: Business

Delhi Bullion Market open after two month lockdown | Spot bullion market opens in national capital after two months lockdown

Photo: FILE

Delhi Bullion Market

New Delhi. After a long gap, the spot bullion markets of the national capital reopened on Monday, but the standard gold rate is yet to be met. HDFC Securities gave this information. The spot bullion market remained closed due to the nationwide lockdown implemented from 25 March to prevent the spread of corona virus infection. The restrictions imposed due to lockdown have now been relaxed.

HDFC Securities Senior Analyst (Commodity) Tapan Patel said, "The spot bullion market in India has indicated a reopening on Monday where some shops in Delhi bullion market opened on Monday." Patel said that markets have opened up but the rates that determine prices are not coming. Market pricing rates are the spot rates that traders use as standard rates to sell to retail customers.

In the international market, gold gained $ 1,742 an ounce and silver rose sharply to $ 18.32 an ounce. He said that despite the rise in the stock market, gold prices continued to rise as investors remained cautious on US-China tensions and concerns about economic recovery, which increased the bullion demand.

This post was published on June 1, 2020 11:29 pm

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