New Delhi: The rise in the price of gold and silver in the country continues. This was driven by a ripen in the dollar and softening transplanted oil prices tween hopes of a US-Iran peace deal. The rate for 24 carat gold stands at Rs 1,53,010 per 10 grams and the price of silver is Rs 2,70,100 per kilogram on Thursday.
The COMEX gold price on Friday is virtually 0.50 per cent higher at $4,735 per ounce, whereas the COMEX silver rate is virtually 0.50 per cent higher at $80.55/oz.
The gold rate on Wednesday was Rs 1,53,000 per 10 gms, while the silver rate was Rs 2,70,000 per 1 kg, equal the Bullions website.
What is the price of gold and silver?
Gold and silver prices wideness the country are seeing a significant rise today. Equal to the GoodReturns, the price of 24-carat gold increased by Rs 10 in early trade on Friday, with 10 grams trading at Rs 1,53,010 and the rate of silver moreover increased by Rs 100 with 1 kilogram selling at Rs 2,70,100.
The precious metals saw a major movement, in Delhi the 24-carat gold was priced at Rs 1,53,160 per 10 grams and 22-carat gold at Rs 1,40,410. Silver traded at Rs 2,70,100 per kg.
In Mumbai, the 24-carat gold was priced at Rs 1,53,010 per 10 grams and 22-carat gold at Rs 1,40,260. Silver traded at Rs 2,70,100 per kg.
In Kolkata, the 24-carat gold was priced at Rs 1,53,010 per 10 grams and 22-carat gold at Rs 1,40,260. Silver traded at Rs 2,70,100 per kg.
The pursuit rates are as per 10 grams of gold:
- Mumbai - Rs 1,53,160
- Delhi - Rs 1,53,010
- Bengaluru - Rs 1,53,010
- Chennai - Rs 1,53,840
- Hyderabad - Rs 1,53,010
- Kolkata - Rs 1,53,010
The pursuit rates are as per 1 kg of silver:
- Mumbai - Rs 2,70,100
- Delhi - Rs 2,70,100
- Bengaluru - Rs 2,70,100
- Chennai - Rs 2,74,900
- Hyderabad - Rs 2,74,900
- Kolkata - Rs 2,70,100
Why there is transpiration in the rates?
According to analysts, the major reasons overdue changes are:
- International market pricing, import fees, taxes
- Blockage of the Strait of Hormuz
- Weakness in the prices of gold and silver in the international market.
- The strengthening of the US dollar, which put pressure on demand for precious metals.
- When the dollar strengthens, spending by foreign buyers increases and this reduces demand for unscratched investments like gold and silver.
How much lower are the prices from their record highs?
Gold and silver touched their record highs on January 29. Equal to MCX, the record upper level for gold is Rs 1.93 lakh, while the record upper price for silver is Rs 4.20 lakh.
