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Gold Rate Today: Increase in the price of gold, silver also became expensive; Know where the prices reached

Gold prices on Friday rose by Rs 158 to Rs 46,678 per 10 grams in the national capital Delhi.

Silver, Gold Price Today: Gold prices on Friday rose by Rs 158 to Rs 46,678 per 10 grams in the national capital Delhi. According to HDFC Securities, this is due to the strengthening of the prices of precious metals in the international market. In the previous trade, the precious metal gold had closed at Rs 46,520 per 10 grams. Silver also rose by Rs 180 to Rs 64,210 per kg. It was at Rs 64,030 per kg in the previous trade.

price in international market

In the international market, gold was trading higher at $ 1,794 an ounce. And silver remained flat at $ 24.35 an ounce.

Tapan Patel, Senior Analyst (Commodities) at HDFC Securities said that gold prices were trading with a jump in spot gold prices on Comex. They rose by more than half a percent to reach $ 1,794 an ounce on Friday. A weak dollar also supported it.

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 has 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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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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