Gold prices have started a boom phase after being cheaper by about 12000 rupees from record highs. But still the price of gold in the capital of the country remains below 45,000 rupees per ten grams. On Wednesday, the price of gold in Delhi has seen a rise of 60 rupees. Even after this boom, the price of 10 grams of gold in Delhi remains at Rs 44,519. Talking about silver at the same time, it has become expensive by 200 rupees.
Silver prices have fallen by Rs 200 to Rs 66,536 per kg in the country’s capital, Delhi. In Wednesday’s trading session, gold prices rose, while silver saw a downward trend. Earlier, silver prices had closed at Rs 66,736 per kg on Tuesday.
How was the condition of the global market?
Along with the domestic market, the prices of gold were recorded in the global market as well. Gold was up 1.7 percent in the international market. While silver prices remained flat. According to HDFC’s Tapan Patel, the effect of better global signals was also reflected on the domestic market, due to which the rise in gold prices was seen.
Fast trend from morning
Gold prices also saw a sharp trend in the morning. Gold opened at Rs 44890 per ten gram on MCX with a gain of Rs 77 this morning. In early trade, gold for April delivery rose by Rs 108 to Rs 44921 on MCX and gold for June delivery was up by Rs 91 to Rs 45282 per ten gram. Talking about the gold rate international market, gold for April delivery was trading at $ 1,734.15 per barrel with a gain of $ 3.25 (+ 0.19%).
Effect of accelerating demand
The season of marriage and festivals has also come to a close. In such a situation, the demand in small cities has increased significantly. This information was given by Amit Modak, COO of PN Gadgil and Sons. Dealers are currently charging premium from customers. Dealers are currently charging a premium of $ 6 per ounce on the domestic price, 12.5 percent import duty and 3 percent sales tax. Earlier the premium charge was 5 per cent. There is 28.34 grams in 1 oz.
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