Today once again the rise in the price of gold is visible. Due to the impact of the boom in the foreign markets, the gold prices in the Indian bullion markets crossed Rs 63,500 per 10 grams today. On the other hand, the price of silver also showed a rise of Rs 540 per kg today and its prices have crossed the level of Rs 73000 per 10 grams.
24 carat gold cost Rs 63600
Gold prices on Wednesday rose by Rs 250 to Rs 63,600 per 10 grams in the national capital’s bullion market amid a rise in the prices of the precious metal globally. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 63,350 per 10 grams. Silver also spurted by Rs 540 to Rs 73,140 per kg.
gold at 2000 dollars in foreign market also
In the overseas market, gold traded higher at $1,974 an ounce, while silver also advanced to $23.35 an ounce. Gold prices were trading higher in Asian trading hours on Wednesday. HDFC Securities Senior Analyst (Commodities) Saumil Gandhi said, “Spot gold prices rose by Rs 250 to Rs 63,600 per 10 grams in the Delhi Bullion Market.”
fall in gold futures prices
Gold prices on Wednesday declined by Rs 29 to Rs 60,168 per 10 grams in futures trade as speculators reduced their holdings amid subdued demand at the spot market. At the Multi Commodity Exchange, the contract for delivery in June declined by Rs 377, or 0.05 per cent, to Rs 60,168 per 10 grams. There was a turnover of 7,927 lots. Market analysts said off-loading of positions by participants mainly influenced the fall in gold futures prices.
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