Categories: Business

Gold and silver price up on weak rupee


Gold and silver price

new Delhi. Gold prices rose by Rs 185 to Rs 54,678 per 10 grams in the Delhi Bullion Market on Monday amid falling rupee exchange rate. HDFC Securities gave this information. The closing price on Friday was Rs 54,493 per 10 grams. Silver also gained Rs 1,672 to close at Rs 66,742 per kg. It closed at 65,070 on Friday. HDFC Securities Senior Analyst (Commodity) Tapan Patel said, "With the fall in the rupee exchange rate, the spot price of 24-carat gold in Delhi rose by Rs 185." US dollar amid weakness in domestic stock markets The rupee exchange rate against the US dollar closed below 75 rupees per dollar, showing a fall of 20 paise on Monday. In the international market, gold declined to $ 1,973 an ounce, while silver remained unchanged at $ 24.30 an ounce.

On the other hand, weakness in gold was seen in futures trading, although silver futures continued to rise. At the Multi Commodity Exchange, the delivery gold contract fell by Rs 127, or 0.24 per cent, to Rs 53,701 per 10 grams in September. However, gold contract delivery in October rose by Rs 119, or 0.22 per cent, to Rs 53,564 per 10 grams. On the other hand, silver for delivery in September in Multi Commodity Exchange rose by Rs 516 or 0.79 per cent to Rs 65,500 per kg.

This post was published on August 3, 2020 7:35 pm

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…