Gold rate today: Due to the continuous rise in the rupee against the dollar, the price of gold and silver is under pressure. However, today gold is seeing a rise in the international market and it is trading beyond $ 1800.
August delivery gold rose by Rs 20.
Gold rate today: The strength of the rupee against the dollar is showing pressure on the price of gold and silver. This morning gold opened with a boom but then its price was down. Gold for August delivery on MCX at 11 am was trading at Rs 47794 per ten grams with a rise of only Rs 20 (Gold latest price).
Gold for October delivery was trading at Rs 48,100 with a gain of Rs 53. This morning the rupee opened with a gain of 14 paise at 74.44 against the dollar. The rupee had gained 6 paise on Monday. At this time there is a boom in gold in the international market. At this time gold was trading at $ 1,810.30 per ounce with a gain of $ 4.40 (+0.24%).
pressure on silver
Silver is also showing pressure in the domestic market at this time. Silver for September delivery (Silver latest price) was currently trading at Rs 69349 per kg with a fall of Rs 26. Silver for December delivery was trading at Rs 70650 per kg with a fall of Rs 3. Silver is seeing a rise in the international market. It was trading with a gain of $ 0.096 (+0.37%) at the level of $ 26.335 per oz.
Both gold and silver became cheaper on Monday
Due to the weakness in the dollar against the rupee, gold had fallen by Rs 169 in the Delhi bullion market on the first day of the week and its closing price was Rs 46,796. Similarly, silver fell by Rs 300 to close at Rs 67,611 per kg. On Friday, gold closed at the level of 46,965 and silver at Rs 67,911.
Dollar index in red mark, crude oil rises
The dollar index is currently at the level of 92.248 in the red mark. This index shows how strong the dollar is against the world’s six major currencies. The 10-year US bond yield is currently at 1.375 per cent with a gain of about 0.85 per cent. Crude oil is seeing a rise today and it was trading at $ 75.31 per barrel with a gain of 0.20 percent.
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