Categories: Business

Gold and silver price up on weak rupee

Photo: FXEMPIRE

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

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