new Delhi. On Wednesday, the price of gold in the Delhi Sarafa Bazar rose by a substantial improvement of Rs 710 to Rs 53,797 per 10 grams. HDFC Securities gave this information. In the previous trading session, the closing price of gold on Tuesday was Rs 53,087 per 10 grams. Silver also closed at Rs 65,540 per kg with a substantial gain of Rs 313. It closed at Rs 65,227 per kg on Tuesday. In the international market, gold was almost unchanged at $ 1,958.30 an ounce and silver was trading at $ 24.27 an ounce for a stable position. HDFC Securities Senior Analyst (Commodity) Tapan Patel said, "Investors are awaiting the results of the Federal Reserve meeting for future signals of the market, which has led to a slowdown in gold."
At the same time, with the help of spot demand, gold and silver futures trading also saw an increase. Speculators bought fresh deals in the futures market on the back of strong spot demand, which led to a rise of 217 to Rs 52,808 per 10 grams in the futures market on Wednesday. At the Multi Commodity Exchange, the delivery gold contract price rose by Rs 217, or 0.41 per cent, to Rs 52,808 per 10 grams in August. At the Multi Commodity Exchange, silver for delivery in September rose by Rs 567 or 0.87 per cent to Rs 65,571 per kg.
Due to the uncertainty of the epidemic, the effect of investment demand in gold prices is being seen. On the other hand, with the impact on silver mining and the opening of lockdown, increasing industrial demand, silver prices have continued to rise.
This post was published on July 29, 2020 7:24 pm
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