Categories: Business

Gold price up Rs 743 per 10 gram, Silver up rs 3615 per kg

Photo: FILE

gold and silver price today

new Delhi. On Thursday, there has been a surge in precious metals in the local bullion market. The rise in gold prices is due to domestic signals. Gold prices have been seen falling in foreign markets. According to HDFC Securities, gold rose by Rs 743 to Rs 52,508 per 10 gram in Thursday's trade. Gold had closed at Rs 51,765 per 10 gram in the previous trading session. However, silver rose by Rs. 3,615 to close at Rs. 68,492 per kg as against Rs. 64,877 in the previous trading session. After the fall in gold prices below the level of 52 thousand, the demand was supported, which led to an increase in prices. On the other hand, signs of gradual increase in business activity in the economy have created hopes for improvement in industrial demand for silver, which has supported the prices.

On the other hand, in the international market, gold was declining at $ 1,946 an ounce, while silver remained unchanged at $ 27.38 an ounce. Navneet Damani, vice-president (commodity research), Motilal Oswal Financial Services, said that after the dollar weakened by about one per cent in the previous session, gold prices remained stable in the overseas market where investors would come later in the day. American Federal Chairman Jerome Powell's speech is awaited. ''

On the other hand, there has been pressure in gold and silver futures prices. At the Multi Commodity Exchange, the delivery gold contract fell by Rs 279, or 0.54 per cent, to Rs 51,500 per 10 grams in October. It traded for 15,250 5 lots. However, gold contract delivery in December was up Rs 282, or 0.54 per cent, to Rs 51,732 per 10 grams. It traded for 3,354 lots. On the MCX, silver for delivery in September fell by Rs 354, or 0.52 per cent, to Rs 67,175 per kg, with a business turnover of 7,326 lots.

This post was published on August 27, 2020 8:53 pm

Content Team

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