Categories: Business

gold up Rs 161 silver up Rs 800

Photo: PTI

gold and silver price today

new Delhi. As the rupee weakened, gold and silver prices rose on Monday in the local bullion market. According to information provided by HDFC Securities, gold rose by Rs 161 to Rs 52,638 per 10 grams in Monday's trade. In the previous trading session, gold had closed at Rs 52,477 per 10 gram level. Silver also gained Rs 800 to Rs 68,095 per kg. Silver had closed at Rs 67,295 per kg in the previous trading session.

HDFC Securities Senior Analyst (Commodity) Tapan Patel said, "24-carat gold spot price rose by Rs 161 in Delhi amid rupee depreciation". VP (Commodity Market Research), Motilal Oswal Financial Services Navneet Damani said that the US central bank Federal Reserve has indicated that the policy of keeping the debt cheaper is still going on for a long time. This led the dollar to soften against other major currencies and gold rose to the rupee's weakness. The rupee's initial gain on Monday declined as the domestic stock market slumped and the US dollar rebounded, and the rupee's exchange rate fell 21 paise to 73.60 per dollar against the US currency. In the international market, gold was being quoted at $ 1,960 an ounce indicating a fall, while silver was being quoted at $ 27.80 an ounce with a slight upside.

This post was published on August 31, 2020 9:59 pm

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