Categories: Business

Gold price up Rs 1,182 per 10 grams, silver up Rs 1,587 per kg

Photo: FILE

gold and silver

new Delhi. In the bullion market on Tuesday, the precious metals gained momentum in the international market. According to information provided by HDFC Securities, gold rose by Rs 1,182 to Rs 54,856 per 10 grams on Tuesday. In the previous trading session, gold had closed at Rs 53,674 per 10 gram level. Similarly, silver also rose by Rs 1,587 to Rs 72,547 per kg. Silver had closed at Rs 70,960 per kg in the previous trading session. The price rise was due to the rise in the prices of gold and silver in foreign markets. In the international market, gold rose to $ 2,005 an ounce. Silver also gained $ 28.15 an ounce. HDFC Securities Senior Analyst (Commodity) Tapan Patel said, "The trend of gold prices in international markets continues. On Tuesday, the spot price of gold was above $ 2,000 an ounce. Which shows the impact on domestic prices "

At the same time, the effect of boom in the spot market was also seen in the futures market. Today, futures prices of gold and silver also saw a rise. At the Multi Commodity Exchange, the delivery gold contract price rose by Rs 630, or 1.18 per cent, to Rs 53,905 per 10 grams in October. It traded for 15,660 lots. On the other hand, silver for delivery in September rose by Rs 1,845, or 2.67 per cent to Rs 71,000 per kg with a turnover of 10,432 lots.

This post was published on August 18, 2020 7:15 pm

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