Gold Rate Today: Gold prices continue to rise, know where the price of 10 grams has reached now

Gold Rate Today: Gold prices continue to rise, know where the price of 10 grams has reached now
Gold Rate Today: Gold prices continue to rise, know where the price of 10 grams has reached now

Gold has risen by Rs 62 to Rs 51,131 per 10 grams. In the last trading session, gold had closed at Rs 51,069 per 10 grams.

Gold has risen by Rs 62 to Rs 51,131 per 10 grams.

Gold rose by Rs 62 to Rs 51,131 per 10 grams in the Delhi bullion market on Friday amid increase in the prices of precious metals globally. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 51,069 per 10 grams. Apart from this, silver has also jumped by Rs 579 to Rs 55,540 per kg. Silver had closed at Rs 54,961 per kg in the previous trading session.

In the international market, gold was trading at $ 1,727 an ounce. Whereas, silver was steady at $18.84 an ounce. HDFC Securities Senior Analyst (Commodities) Tapan Patel said that the spot price of gold was up one per cent to $ 1,711 an ounce in the New York-based commodity market Comex. He said that gold prices have improved due to the weakening of the dollar.

Prices in futures trade

In futures trade, gold prices have risen by Rs 282 to Rs 50,638 per 10 grams on Friday. On the Multi Commodity Exchange, the contracts for October delivery were trading higher by Rs 282 or 0.56 per cent at Rs 50,638 per 10 grams. This is for a business turnover of 10,471 lots.

Let us tell you that due to the tension between Russia and Ukraine, slowdown in the global economy and high inflation, gold prices may see a huge increase. It has been told in the report that according to experts, gold prices can touch the figure of Rs 55,000 this year. With this, gold can reach Rs 62,000 next year.

Let us tell you that the World Gold Council believes that the condition of the global economy at present, then there is every possibility of the demand for bullion in it.

Due to demand, prices in the domestic market are not expected to fall beyond a limit. On the other hand, if there is a change in foreign signals, a sharp rise in gold can also be seen in the coming time. Investment demand for gold has declined due to the rise in US dollar and Treasury yields, which has brought down prices. In fact, there are indications that the Federal Reserve will continue its aggressive stance on rate hikes. Even after the recent gains, there is no sign of weakness in the latest data of the US economy, due to which the Federal Reserve can focus its attention on controlling inflation.

The article is in Hindi

Tags: Gold Rate Today Gold prices continue rise price grams reached

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