On Monday, the price of gold in Delhi rose by Rs 35 to Rs 45,110 per 10 grams.
On Monday, the price of gold in the national capital Delhi rose by Rs 35 to Rs 45,110 per 10 grams.
Gold, Silver Rate Today: On Monday, the price of gold in the national capital Delhi rose by Rs 35 to Rs 45,110 per 10 grams. According to HDFC Securities, this has happened because of good global trends. In the last trading day, the price of precious metal gold had closed at Rs 45,075 per 10 grams.
With this, silver has also risen by Rs 383 to Rs 59,138 per kg. In the previous trade, the price of silver was Rs 58,755 per kg.
In the international market, gold was trading at a price of $ 1,755 per ounce with profit. Apart from this, silver was flat at $ 22.60 an ounce.
Why did the price of gold rise?
According to Tapan Patel, Senior Analyst (Commodities) of HDFC Securities, the price of gold was trading at a high on Monday due to China’s Evergrande debt crisis.
On the other hand, Navneet Damani, Vice-President, Commodities Research, Motilal Oswal Financial Services, said that gold prices closed higher today after staying below the $1,750 level in the previous trade as investors took risky assets due to China’s Evergrande crisis. ignored. But rising interest rates and increasing yields pushed it to the highest level since July. This slowed down the bullion.
There will be a one-day strike for hallmarking
Let us tell you that in order to stop the trade of adulterated gold, the central government has made hallmarking mandatory on gold jewellery. There are different reactions to this decision of the government. Hallmarking centers are against the mandatory hallmarking of gold jewellery. Due to this protest, the hallmarking centers will go on a one-day strike on September 28. The centers have demanded that the fee charged on jewelery should be increased to Rs 60 per jewellery. He said that if their demands are not met, they may go on strike indefinitely. Let us tell you that the government has also given approval to hallmarking jewelers.
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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