Gold and Silver Price Today: After the Russian attack on Ukraine’s nuclear power plant, investors are investing in safe investment options, due to which gold is getting support.
Gold and Silver Price Today: Due to the weak rupee and stability in the price of gold globally, today, Friday, March 4, there has been a slight jump in gold in the domestic market. There has been a jump of Rs 75 per ten grams in the price of gold today. Due to this increase, gold became expensive in the Delhi bullion market and reached the price of Rs 51,863 per ten grams. This information has been given by Tapan Patel, Senior Analyst (Commodities), HDFC Securities. A trading day ago, gold prices closed at Rs 51,788 per ten grams in the Delhi bullion market. Unlike gold, today the prices of other precious metal silver have weakened and it has slipped beyond 68 thousand.
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silver under 68 thousand
Unlike gold, silver has faded in the Delhi bullion market today. Today silver has become cheaper by Rs 453 per kg. Due to this fall, silver was sold at a price of Rs 67,996 per kg. A trading day ago, silver was at a price of Rs 68,449 per kg in the Delhi bullion market. Due to the fight between Russia and Ukraine, the rupee today slipped below Rs 76 against a US dollar for the first time this year, which is an 11-week low.
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Gold and silver prices stable in the international market
Talking about the global market, the prices of both gold and silver remained stable today. In the global market, gold was traded at US $ 1936 (Rs 1.48 lakh) per ounce (1 kg = 35.3 oz) while silver was traded at US $ 25.40 (Rs 1939.95) per ounce. According to Patel, gold is getting support due to rising inflation fears and fall in US bond yields. According to Navneet Damani, Senior Vice President, Motilal Oswal Financial Services, after the Russian attack on Ukraine’s nuclear power plant, investors are investing in safer investment options, due to which gold is getting support.
(Input: PTI)
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