Gold Rate Today: Gold prices rise, silver also becomes expensive

Gold has risen by Rs 97 to Rs 52,490 per 10 grams. Gold has strengthened due to the rise in the prices of precious metals in the international market and the fall in the value of the rupee.

Gold has risen by Rs 97 to Rs 52,490 per 10 grams.

In Delhi bullion market on Monday Sleep With a rise of Rs 97, it has become Rs 52,490 per 10 grams. HDFC Securities gave this information. Gold has strengthened due to the rise in the prices of precious metals in the international market and the fall in the value of the rupee. Due to this, gold had closed at Rs 52,393 per 10 grams in the previous trading session. Apart from this, silver has also risen by Rs 527 to Rs 58,465 per kg. Silver had closed at Rs 57,938 per kg in the previous trading session.

The rupee declined by 22 paise to Rs 79.46 per dollar in morning trade on Monday in the interbank foreign exchange market. In the international market, gold was trading higher at $ 1,777 an ounce. Whereas, silver was steady at $20.07 an ounce.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said that the spot price of gold was $ 1,777 an ounce on the New York-based commodity exchange Comex, due to which the yellow metal has remained strong here too.

Prices in futures trade

In futures trade, gold prices have risen by Rs 120 to Rs 51,994 per 10 grams on Monday. On the Multi Commodity Exchange, contracts for October delivery were trading higher by Rs 120, or 0.23 per cent, at Rs 51,994 per 10 grams. This is for a business turnover of 15,629 lots.

On the other hand, silver prices rose by Rs 503 to Rs 57,867 per kg in futures trade on Monday. On the Multi Commodity Exchange, silver contracts for September delivery traded higher by Rs 503, or 0.88 per cent, at Rs 57,867 per kg. These prices are in the business turnover of 17,420 lots.

gold and silver price in mumbai

At the same time, the price of gold in Mumbai metropolis, which is called the financial capital of the country, has been at Rs 51,975 per 10 grams. The price of silver has reached Rs 58,106 per kg in the capital of Maharashtra.

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Let us tell you that due to tensions between Russia and Ukraine, slowdown in the global economy and high inflation, gold prices can see a huge increase. It has been told in the report that according to experts, gold prices can touch the figure of Rs 55,000 this year. With this, gold can reach Rs 62,000 next year.