In Delhi, gold prices fell by Rs 59 to Rs 46,038 per 10 grams.
Silver, Gold Price Today: Gold prices fell by Rs 59 to Rs 46,038 per 10 grams in the national capital Delhi. According to HDFC Securities, this has happened due to weak prices of the precious metal in the international market. In the previous trade, the price of gold had closed at Rs 46,097 per 10 grams.
Silver prices declined by Rs 196 to Rs 60,369 per kg. It was 60,565 per kg in the previous trade.
price in international market
In the international market, the price of gold declined to $ 1,756 an ounce. At the same time, silver has been at $ 22.59 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said gold prices were trading weak on Monday with spot gold price trading lower at $1,756 an ounce on Comex trading.
Let us tell you that from Diwali to December, the price of gold can go from 57 thousand rupees to 60 thousand rupees. 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.
Gold exchange to be built in India
Market regulator SEBI on Wednesday approved the proposal to set up a gold exchange. The trading of gold in the Gold Exchange will be done through Electronic Gold Receipt (Receipt) ie EGR. Electronic Gold Receipt (EGR) will be launched from any recognized stock exchange or new stock exchange. Only after the approval of SEBI will it be decided that what will be the minimum price of EGR. After this the stock exchanges will be able to convert EGR into gold. According to SEBI, the gold exchange will have a complete eco-system for trading of EGR and delivery of physical gold and will provide greater transparency and choice in gold trading in the country. Gold Exchange will be the national platform for buying and selling of EGR. Standard gold will be traded under EGR and will help in creating uniform price structure of gold across the country.
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