Gold Price Today: Gold and silver became expensive today, know where the price reached

According to the information given by HDFC Securities, after the rise in the price of gold in the international market, gold has seen an increase in the bullion market of the national capital Delhi on Thursday.

Gold and silver became expensive today

After a sharp drop in prices on Wednesday, today on Thursday gold and silver prices An increase has been observed in . With today’s increase, gold has once again reached near the level of Rs 50 thousand per 10 grams. At the same time, silver has also crossed the level of Rs 56 thousand per kg. The effect of signals from foreign markets has been seen in the prices of gold and silver. Market experts are already predicting that due to increase in demand during the festive season, gold will cross the level of 50 thousand. However, there is also a fear that this time due to abnormal monsoon rains, the sentiments have deteriorated and gold will not see more than a limit.

Where did gold prices reach?

According to the information given by HDFC Securities, after the rise in the price of gold in the international market, gold rose by Rs 460 to Rs 49,960 per 10 grams on Thursday in the bullion market of the national capital Delhi. Due to this, gold had closed at Rs 49,500 per 10 grams in the previous trading session. At the same time, there has been a rise in the price of silver, with an increase of Rs 1,035 to Rs 56,230 per kg. Dilip Parmar, Research Analyst, HDFC Securities said that after the rise in gold prices in the US, gold prices have registered gains in the morning trade in the bullion market in Delhi. In the international market, gold was trading higher at USD 1,642 an ounce, while silver remained stable at USD 18.57 an ounce.

What is the opinion of experts

If the experts are to be believed, there is no sign of much fall in the price of gold and only an increase in the prices will be seen in the coming time. Anuj Gupta, Vice President, IIFL Securities believes that the demand for gold may increase during Diwali and the wedding season that follows, which will also lead to an increase in the price of gold. However, Anuj believes that there is no possibility of further increase in prices because this time the effect of monsoon on the agri sector has not been very good. There is also a possibility of rising inflation due to the decrease in the area under sowing of many crops. Which will also have a bad effect on the purchase of gold. And it is expected that due to this the gold prices will not go beyond a limit.