Gold rate today: Due to the increase in the Delta variant of Corona virus, once again the negative effect on the sentiment has started increasing. This is the reason why there is a rise in the price of gold and silver.
At this time gold is seeing a rise of Rs 188.
Gold Silver Price today: Gold is seen rising in the last trading session of the week. On MCX, gold for delivery in August at 12 noon was trading at Rs 47227 per ten grams (Gold rate today) with a gain of 0.40 percent (up by Rs 188). Gold for October delivery was currently trading at a level of Rs 47500 with a rise of Rs 179 and gold for December delivery was trading at Rs 47229 per ten grams with a fall of Rs 364 (Gold latest price).
For the third consecutive day in the international market, there is an increase in the gold rate in the international market. At this time gold was trading at a level of $ 1778.25 per ounce with a gain of $ 1.45. According to the information available on the website of IBJA on June 1, the price of 24 carat gold was Rs 47263 per ten grams. The closing price of silver was Rs 69160 per kg (Silver rate today). On Thursday, gold became costlier by Rs 526 and silver by Rs 1231 in the Delhi bullion market. Even though there is a rise in gold right now, but it is still cheaper by more than Rs 9000 as compared to August 2020.
Silver delivery also accelerated
Along with gold, silver is also seen increasing today (Silver latest price). At present, the price of silver for July delivery on MCX is up by Rs 294 to Rs 68449 per kg. Silver for September delivery is seeing a rise of Rs 268 and it was trading at the level of Rs 69388. Silver for December delivery was trading at Rs 70700 level with an increase of Rs 229. Silver is flat in the international market and its price is $ 26.15 per oz.
Delta variants impact sentiment
Commodity market experts say that due to the increase in the cases of delta variants of Corona, gold is seeing a rise. There is a resistance for gold in the domestic market at Rs 47335. In a report published in Mint, Hareesh V, Research Head, Geojit Financial Services, said that gold will remain in the range of $ 1800-1748 in the international market. If this shield breaks somewhere above or below, a new trend will start.
Rise in crude oil, rise in dollar index
At present, the dollar index is at the level of 92.588. This index shows the strength of the dollar against the world’s six major currencies. The 10-year US bond yield has seen a decline in the last few trading sessions. At present it is at the level of 1.464 percent. At this time, crude oil was trading in the red mark at the level of $ 75.66 per barrel.
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