Gold Silver Price Today 13th September 2021: Gold became expensive in the domestic market on Monday due to strong global cues and weakness in rupee. However, there was a big decline in silver.
gold is expensive
Gold became costlier in the domestic market on Monday due to strong global cues and weakness in rupee. On Monday, the price of gold rose by Rs 82 per 10 grams in the Delhi bullion market. At the same time, there was a big fall in silver prices during this period. The price of one kg of silver fell below Rs 62,000 per kg. According to HDFC Securities, weakness in the rupee against the US dollar and strong global trends has led to the rise in gold.
New Gold Price (Gold Price, 13 September 2021)-
On Monday, the price of 99.9 per cent gold rose by Rs 82 to Rs 45,952 in Delhi’s bullion market. In the last trading session, the prices had closed at Rs 45,870 per ten grams.
At the same time, there has been a jump in the prices of gold in the international market as well. With the increase in the international market, it is trading at $ 1,790 an ounce.
New Silver Price (Silver Price, 13 September 2021)-
Unlike gold, there has been a big fall in silver. On Monday, the price of silver fell by Rs 413 per kg in the Delhi bullion market. The price of silver has come down from Rs 62,320 per kg to Rs 61,907 per kg. Internationally, silver prices have come down to $ 23.66 an ounce.
Why did gold become expensive?
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot gold of 24 carat in Delhi has increased by Rs 82 due to strong COMEX gold prices and weakness in rupee.
He said, despite the strengthening of the dollar, gold prices reached the higher trading range, stopping the previous fall. On Monday, the Indian rupee declined by 18 paise to close at 73.68 against the US dollar.
Investment in gold increased last month
Gold Exchange Traded Funds (Gold ETFs) showed improvement in August after net outflows in Gold-ETFs in July and attracted an investment of Rs 24 crore during the month. According to the data of Association of Mutual Funds in India (Amfi), the total inflow into Gold ETFs reached Rs 3,070 crore during the first eight months of the current financial year.
Despite the pandemic, the overall positive trend at the global level has improved the sentiment on the yellow metal. With the fall in the price, investors are once again attracted towards investing in gold.
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