Gold Price Today: Gold and silver prices rose for the second consecutive day, know where the prices reached

In the last two days, gold has become more expensive by more than Rs 1200 per 10 grams. On the other hand, silver has seen an increase of about two thousand rupees per kg.

Gold and silver rise for the second consecutive day

Between the demand for the festive season and the signals from overseas markets gold and silver prices For the second day in a row, there has been an uptick. With today’s increase, gold has reached close to Rs 51 thousand per ten grams. On the other hand, silver has crossed Rs 57 thousand per kg. According to market experts, there is an increase in the prices of gold in the foreign markets. The effect of which is being seen on precious metals. However, if experts are to be believed, the sentiments still remain weak and gold and silver prices are not expected to rise after one level.

Where did the gold and silver prices reach

According to HDFC Security, the price of gold in Delhi has increased by Rs 406 per 10 grams to Rs 50,722. Due to this, gold had closed higher at Rs 50316 per 10 grams in the previous trading session. On the other hand, silver has also seen an increase. Silver today rose by Rs 905 per kg to Rs 57436. In the previous session, silver was at Rs 56,531 per kg. In the last two days, gold has become more expensive by more than Rs 1200 per 10 grams. On the other hand, silver has seen an increase of about two thousand rupees per kg.

In the international market, gold rose to $ 1671 an ounce and silver rose to $ 19.15 an ounce. According to Dilip Parmar, Research Analyst, HDFC Securities, gold and silver prices have seen an increase for the second consecutive day due to the dollar index and US Trader Yield falling below their upper levels.

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What is the opinion of experts

If the experts are to be believed, there is no sign of a fall in the price of gold at the moment and there will be an increase in the prices in the coming time. Anuj Gupta, Vice President, IIFL Securities believes that there is a need for gold in the season of Diwali and the weddings that follow. Demand may increase, due to which the price of gold will also show an increase. 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.