On Friday, the price of gold and silver was up sharply. According to HDFC Securities, in the last trading session of the week in the national capital, gold rose by Rs 146 to Rs 47,110 per 10 grams. In the previous session, the gold price in Delhi was Rs 46,964 per 10 grams. According to HDFC Securities, the recovery in gold prices globally also saw a rise in the price of 10 grams of gold in India.
Silver price also rises
According to HDFC Securities, silver saw an increase of Rs 513 per kg in Delhi. Due to this, the price of one kilogram of silver in the city reached 69,678 rupees per kilogram. In the previous session, silver had been priced at Rs 69,678 per kg.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “The recovery in gold prices on the New York-based commodity exchange COMEX led to an increase of Rs 146 per 10 grams in 24 carats in Delhi.”
Patel said that on the occasion of Akshaya Tritiya in India, there was a spurt in the price of gold. It is worth mentioning that buying gold on this day is considered auspicious.
Gold and silver price globally
At the international level, the price of gold was rapidly trending at $ 1,834 an ounce. Globally, silver was flat at $ 27.20 an ounce.
He said that after a gap of two days due to the weakening of the dollar, the decline in the price of gold came to an end.
Gold Futures Price
On the Multi Commodity Exchange, the price of delivery gold in June 2021 was up by Rs 167, ie 0.35 per cent to Rs 47,605 per 10 grams. In the previous session, the gold price in the June 2021 contract was at Rs 47,438 per 10 grams. At the same time, in August 2021, delivery gold was trending at Rs 48,105 per 10 grams with an increase of Rs 160, ie 0.33 per cent.
Silver Price in Futures Market
On the Multi Commodity Exchange, silver for delivery in July 2021 was trending at Rs 71,091 per kg, up by Rs 618, or 0.88 per cent. Similarly, the price of silver in September 2021 contract was up by Rs 530 or 0.74 per cent to Rs 72,132 per kg.
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