Gold Price Today: Buying gold has become expensive, the price of silver also increased

Gold has increased by Rs 323 to reach Rs 53,039 per 10 grams. In the previous trading session, gold had closed at Rs 52,716 per 10 grams.

Gold has increased by Rs 323 to reach Rs 53,039 per 10 grams.

Gold rose by Rs 323 to Rs 53,039 per 10 grams in the Delhi bullion market on Thursday amid a rise in the prices of precious metals in global markets. HDFC Securities gave this information. In the previous trading session, gold had closed at Rs 52,716 per 10 grams. Apart from this, the price of silver has also increased by Rs 639 to reach Rs 62,590 per kg.

Why did the prices of gold and silver increase?

Navneet Damani, senior vice-president, commodity research, Motilal Oswal Financial Services, said the minutes of the Federal Reserve meeting suggest that the central bank’s stance is far less aggressive than expected. He told that after this signal, after the dollar declined against the world’s major currency, gold and silver prices recovered from the day’s low and closed with gains.

In the international market, gold was trading higher at $1,755.75 an ounce and silver at $21.55 an ounce. Dilip Parmar, Research Analyst, HDFC Securities, said that the details of the latest meeting of the US Federal Reserve have supported reducing the pace of interest rate hike, after which gold prices on Comex have gained for the third consecutive day. He further said that after the details of the Federal Reserve meeting, the price of gold has returned and it is moving towards $ 1,800 an ounce.

Prices in futures trade

In futures trade, gold prices rose by Rs 199 to Rs 52,650 per 10 grams on Monday. On the Multi Commodity Exchange, the contracts for delivery in October were trading higher by Rs 199, or 0.38 per cent, at Rs 52,650 per 10 grams. This is for a business turnover of 4,012 lots.

Let us tell you that the attraction of Indians towards gold is famous all over the world. Even the direct effect of this attraction is seen on the gold business of the whole world and on the import bill of India. In such a situation, it becomes necessary to know that in which region and in which district the love for gold is more than the other part of India.

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