Gold Price: Gold prices gained momentum for the second consecutive day on Thursday as the demand of jewelers and stockists increased. In Delhi’s bullion market today, the price of gold with 99.9 percent purity increased by Rs 200 to Rs 98,650 per 10 grams. With this, gold with 99.5 percent purity also increased by Rs 200 to Rs 98,200 per 10 grams. Apart from gold, a bumper increase in the price of silver was recorded today. On Thursday, the price of silver increased by Rs 2040 to crossing a magic level of Rs 1 lakh per kg to Rs 1,01,200 per kg.
On Wednesday also, silver prices rose by Rs 1660
Let us tell you that on Wednesday, the price of gold of 99.9 percent purity in Delhi reached Rs 1910 to Rs 98,450 per 10 grams. On Tuesday, gold with 99.9 percent purity fell by Rs 490 to close at Rs 96,540 per 10 grams. Silver prices also rose by Rs 1660 to Rs 99,160 per kg on Wednesday. Whereas on Tuesday, silver closed at Rs 97,500 per kg.
Prices are rising due to increasing stress in West Asia
The association stated that strong global trends and increasing stress in West Asia also supported local prices. Chintan Mehta, CEO of Abance Financial Services, said, “Gold prices continued to rise due to new concerns about economic stability. Gold prices continued to rise.” Meanwhile, gold fell 0.50 percent to 3298.69 an ounce in international markets. Gold prices were traded positively due to a sharp decline in the US dollar index and new concerns over US debt.
Latest business news
