Gold Silver Price, 20 October 2021: Gold prices registered a sharp rise on Thursday. At the same time, the price of silver also jumped today. According to experts, gold is trading at higher prices due to fall in US bond yield and weakness in dollar.
New Delhi. Gold prices continue to rise ahead of Diwali. There was a slight increase in the price of gold in the Indian bullion market today i.e. on October 21, 2021, but still this precious metal is selling well below its all-time high. At the same time, there has been an increase in silver prices today. During the last trading session, gold had closed at Rs 46,496 per 10 grams in the Delhi bullion market. At the same time, silver closed at Rs 63,698 per kg. In the international market too, the price of gold increased today, while the price of silver remained the same.
New gold prices
On Thursday, a marginal increase of Rs 7 per 10 grams was recorded in the price of gold in the Delhi bullion market. Due to this, the price of gold of 99.9 grams of purity in the national capital closed at Rs 46,503 per 10 grams. However, there is still an opportunity to invest in gold as its current price is trading down by Rs 9,697 per 10 grams against the record high. Let us tell you that in August 2020, gold touched the highest level of Rs 56,200 per 10 grams. At the same time, a jump in gold prices was recorded in the international market today and it reached $ 1,783 an ounce.
New silver prices
There was an increase in the prices of silver today. Silver prices on Thursday rose by just Rs 198 to close at Rs 63,896 per kg in the Delhi bullion market. At the same time, there was no big change in the price of silver in the international market today and it reached $ 24.18 an ounce.
Why did gold rise
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that gold is trading at higher prices due to weak dollar. He told that today there was an increase in the price of gold on Comex. At the same time, the effect of fall in US bond yield has also been seen in the form of a rise in gold prices.
