Gold rose by Rs 300 to Rs 62,000 per 10 grams in the bullion market of the national capital on Thursday amid strong signals from international markets. HDFC Securities gave this information. In the previous trading session, gold had closed at Rs 61,700 per 10 grams.
According to HDFC Securities analyst Soumil Gandhi, gold has increased due to increase in tension in the region after a report by America regarding deployment of missiles in the West Asian region. It is believed that further rise in gold price may be seen in the coming time.
Silver rises by Rs 500
Meanwhile, the price of silver also strengthened by Rs 500 to Rs 75,000 per kg. A rise in gold prices has been recorded in the global market and it reached $ 1,988 per ounce. The price of silver also strengthened to $ 23.05 per ounce.
Silver will cross 78000
Experts believe that silver will continue to rise further and it may cross Rs 78,000. According to experts, investing in silver can be more beneficial than gold. According to Anuj Gupta, Commodity Head, HDFC Securities, silver is expected to perform stronger than gold. Festive demand in October-December quarter. International market and industrial demand are likely to be better. In such a situation, the price of silver will break the level of $ 26 per ounce. Which is a strong resistance level for silver.
These are the prices of bullion market
In the bullion market of Indore on Thursday, the price of gold remained strong by Rs 300 per 10 grams and the price of silver increased by Rs 300 per kg. With this strength, gold reached Rs 62400 per 10 grams. Whereas silver has reached Rs 73000 per kg. It is believed that by Diwali the price of gold can also go up to Rs 65,000.
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