Gold-Silver Price: Due to strong demand during festivals, gold rose by Rs 550 to a record level of Rs 79,900 per 10 grams in the bullion market of the national capital on Friday. The All India Bullion Association has given this information.
Gold-Silver Price: Strong demand for gold and silver (Gold Silver Price) is being seen in this festive season. Due to this, gold has become expensive by Rs 550 (Gold Price Today) in the bullion market of Delhi on Friday. Now the price of one tola gold has reached a record level of Rs 79,900. This information has been given by the All India Bullion Association. Let us tell you that the price of silver has also seen a rise of about Rs 1000 (Silver Price Today).
In the last trading session on Thursday, gold of 99.9% purity closed at Rs 79,350 per 10 grams. For the third consecutive day, gold of 99.5 percent purity saw an increase. Due to this, gold jumped by Rs 550 to a new high of Rs 79,500 per 10 grams. Let us tell you that in the last session, gold closed at Rs 78,950 per 10 grams.
Silver rose by Rs 1000
Meanwhile, silver jumped by Rs 1,000 to Rs 94,500 per kg. Let us tell you that on Thursday, silver remained stable at Rs 93,500 per kg. In futures trading, the price of gold for December delivery on MCX stood at Rs 77,620 per 10 grams. At the same time, during trading, gold futures reached an all-time high level of Rs 77,667 per 10 grams.
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What do market experts say?
Market experts said that there is a surge in customer purchases during the festivals. Due to this, the demand for precious metals in the domestic market has reached record levels. On the other hand, amid the ongoing tension in West Asia and uncertainty due to the upcoming US presidential elections, investors are looking at gold as a safe investment and are continuously investing money in it. Let us tell you that the price of silver for December delivery in MCX increased by Rs 1,231 or 1.34 percent to Rs 92,975 per kg.
What is the price of gold and silver in the global market?
Manav Modi, Senior Analyst (Commodity Research), Motilal Oswal Financial Services Limited, said, “Gold prices reached record levels in the commodity market and on the domestic front due to the demand for safe investment just a few weeks before the presidential election in the US. Also, the reduction in interest rates by the European Central Bank also helped in this. ” Globally, gold futures in the commodity market rose 0.76 percent to $ 2,728.10 per ounce. Silver futures in the Asian market rose 1.70 percent to $ 32.32 per ounce.
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