Gold Price: Gold price rises, silver also becomes expensive, know latest prices

Gold Price: Gold price rises, silver also becomes expensive, know latest prices

The price of gold in Delhi rose by Rs 65 to Rs 46,012 per 10 grams.

Silver, Gold Rate Today: In the national capital Delhi, the price of gold rose by Rs 65 to Rs 46,012 per 10 grams on Thursday. According to HDFC Securities, the reason for this is the rise in the prices of precious metals in the international market. In the previous trade, the price of gold closed at Rs 45,947 per 10 grams.

Silver also rose by Rs 490 to Rs 60,172 per kg. In the previous trade, it was Rs 59,682 per kg.

price in international market

In the international market, gold prices rose to $ 1,766 an ounce and silver was flat at $ 22.74 an ounce. Tapan Patel, Senior Analyst (Commodities) at HDFC Securities said that gold prices were trading strongly along with spot gold prices in COMEX. It is trading at $ 1,766 an ounce with an increase on Thursday. He further said that gold prices saw a recovery due to a fall in the dollar index and weak US bond yields.

gold exchange will come in india

Let us tell you that India’s annual gold demand is 800-900 tonnes. It is a big importer, but there is no big liquid spot market to base the price on. The Securities and Exchange Board of India (SEBI) has prepared a proposal for gold exchange. Investors can trade in Electronic Gold Receipts (EGRs), which will be issued in exchange for physical gold in the existing stock exchanges. Along with this, they will also be issued in the proposed gold exchange, as per the SEBI framework.

Let us also tell that from Diwali to December, the price of gold can go from Rs 57 thousand to 60 thousand. That is, the prices that are going on now can increase up to 14 thousand per 10 grams. As far as silver is concerned, there can be a big increase in it too. Most of the traders believe that silver prices may go up to Rs 76,000 to Rs 82,000 per kg by Diwali or by the end of the year.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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