Categories: Business

gold price up rs 252 per 10 gram


gold price up rs 252 per 10 gram

New Delhi, August 28 (Language) Gold prices fell on Friday in the local bullion market as the rupee strengthened. According to information provided by HDFC Securities, gold fell by Rs 252 to Rs 52,155 per 10 grams. In the previous trading session, gold had closed at Rs 52,407 per 10 grams. However, silver rose by Rs 462 to Rs 68,492 per kg, having closed at Rs 68,030 per kg in the previous trading session. HDFC Securities Senior Analyst (Commodity) Tapan Patel said, "Despite the improvement in international prices of bullion, 24-carat gold spot price in Delhi was weak by Rs 252. Gold strengthened in day trading as rupee strengthened. ”Continued investment by foreign funds and weakening of the dollar on Friday strengthened the rupee exchange rate by 43 paise to 73.39 per dollar (against the US currency). Initial figure). In the international market, the price of gold was being sharply spoken at $ 1,949 an ounce while the price of silver was being spoken at $ 27.33 an ounce. "On Friday, there was an improvement in gold prices in overseas markets amid concerns about economic growth," Patel said.

The impact of the rise in foreign prices was seen in futures trading. Today futures prices of gold and silver have seen an increase. In October, delivery gold contract prices rose by Rs 268, or 0.53 per cent to Rs 51,170 per 10 grams. It traded for 15,624 lots. On the MCX, silver for delivery in September rose by Rs 617 or 0.95 per cent to Rs 65,807 per kg in a business turnover of 6,915 lots.

This post was published on August 28, 2020 9:08 pm

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