With the fall in the rupee in the international market, the prices of gold have increased. While there was not much difference in the price of silver. In such a situation, investors are still investing in it.
latest gold and silver rates
In the Indian bullion market, there was a slight jump in gold prices on Tuesday, while there was a fall in the price of silver. A rise of Rs 45 per 10 grams was recorded in the price of gold. Due to which the price of gold in Delhi has now gone up to Rs 46,213 per 10 grams. While silver fell by Rs 86 to close at Rs 66,389 per kg.
During the last trading session, gold had closed at Rs 46,168 per 10 grams in the Delhi bullion market. Today, due to the rise in the price of gold, it is cheaper to buy. Because at present, gold is moving below its top level by more than Rs 10,500. Talking about silver, it had closed at Rs 66,475 per kg in the last trading session.
Gold is cheaper than last year
There was a slight decline in the price of gold in the international market today. The price of gold fell to $ 1,778 an ounce. Gold prices closed at the highest level of Rs 57,008 per 10 grams on 7 August 2020 in Delhi bullion market. On this basis, gold is currently trading below its highest by Rs 10,795.
The impact of the fall in the rupee was visible
HDFC Securities Senior Analyst (Commodities) Tapan Patel says that the rupee declined by 10 paise against the dollar, it opened at 74.20 level. At the same time, the spot price of gold in the international market declined marginally. Due to the ongoing volatility in the international market and the slight fall in the rupee, the price of gold has seen a rise.
Silver did not make much difference
There was a declining trend in the price of silver today. Silver on Tuesday closed at Rs 66,389 per kg in the Delhi bullion market after falling by Rs 86. At the same time, there was no significant change in the price of silver in the international market and it reached $ 25.84 an ounce.
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