Gold and silver are seeing a boom once again. Gold prices on Wednesday rose by Rs 90 to Rs 56,350 per 10 grams in the bullion market of the national capital Delhi amid a rise in the prices of precious metals in the global markets. Let’s know today’s latest price.
In the last trading session, gold had closed at Rs 56,260 per 10 grams. The price of silver also increased by Rs 113 to close at Rs 66,083 per kg.
Gold prices
Saumil Gandhi, Senior Analyst, HDFC Securities said, “Spot gold prices rose by Rs 90 to Rs 56,350 per 10 gram in Delhi.” In the international market, gold rose to $ 1,841 an ounce, while silver at Rs. With a slight increase, it also reached $ 21.84 an ounce.
US Federal Reserve
On the other hand, Navneet Damani, Senior Vice President, Motilal Oswal Financial Services, said, “Investors are waiting for the details of the US Federal Reserve meeting indicating further market signals and further interest rate hikes.” Due to this, there was a slight decline in the dollar index and a rise in gold was seen.
Gold
On the other hand, speculators bought fresh deals due to strong spot demand, due to which the price of gold rose by Rs 90 to Rs 56,258 per 10 grams in futures trade on Wednesday. At the Multi Commodity Exchange, the contract for delivery in April rose by Rs 90, or 0.16 per cent, to Rs 56,258 per 10 grams. There was a turnover of 12,029 lots.
Global market
Market analysts said fresh positions created by traders led to the rise in gold futures. Globally, gold rose 0.32 per cent to USD 1,848.40 an ounce in New York.
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