Gold Price: There is a constant fluctuation in the price of gold. The effect of the movement in the global markets is also being seen in the price of gold. However, even after this, the good thing is that gold is still selling much cheaper than its all-time high rate.
Talking about the rise in the price of gold by Rs 435 on
Thursday, the prices of precious metals in the global markets saw a rise. Meanwhile, gold rose by Rs 435 to close at Rs 52,941 per 10 grams in the Delhi bullion market. HDFC Securities gave this information.
There was also a jump in the price of silver,
Due to which gold was at Rs 52,506 per 10 grams in the previous trading session. Similarly, the price of silver also closed at Rs 69,179 per kg with a jump of Rs 1,331. Silver had closed at Rs 67,848 per kg in the previous trading session.
In the international market, gold rose to $ 1,974 an ounce, while silver remained almost unchanged at $ 25.62 an ounce.
Dilip Parmar, Retail Research Analyst (Commodities), HDFC Securities said, “Gold was trading 0.34 per cent higher at $1,974 an ounce on the New York-based commodity exchange Comex on Thursday, thereby keeping gold prices firm here.”
According to the Good Returns website, the price of 22 carat gold was recorded at Rs 49,350 per ten grams on Thursday. At the same time, the price of 24 carat gold was Rs 53,840 per ten grams.
Gold being sold so cheap from the all-time high rate
On Thursday, 22 carat gold was sold in the market at a price of Rs 49,350 per ten grams. Earlier in August 2020, gold had reached its all-time high rate of Rs 55,400 per ten grams. If you compare the current price of gold with its all-time high rate, then gold is now selling cheaper by Rs 6,050.
Rupee depreciates by three paise against dollar
The rupee depreciated by three paise to 76.18 (provisional) against the dollar in the interbank foreign exchange market.
