Gold Price: Gold-silver prices again rockets, the rate has climbed so much, know the price here
The national capital recorded a strong jump in the price of gold and silver on Monday. On the very first day of the week, the prices of gold and silver increased strongly in the Delhi Bullion Market. According to PTI news, the All India Bullion Association said that gold with 99.9% purity rose ₹ 400 to ₹ 98,020 per 10 grams, while it closed at ₹ 97,620 per 10 grams on Friday. At the same time, gold with 99.5% purity rose by ₹ 300 to trading at ₹ 97,800 per 10 grams (including all taxes), which was ₹ 97,500 in the previous session.
Silver also fast
According to the news, not only gold, silver prices were also strengthened. On Monday, silver reached ₹ 500 to ₹ 1,10,000 per kg (including all taxes), while on Friday it closed at ₹ 1,09,500 per kg.
Why the price of gold increased
According to experts, the Indian rupee weakness, the US weak economic indicators and the increasing global concern over tariffs have raised gold prices in the international market, which has directly affected the domestic market. Spot Gold was almost stable in New York and was seen trading at USD at 3,363.83 an ounce. Spot silver rose by 0.43% and reached USD 37.20 an ounce.
What do experts say
Jatin Trivedi of LKP Securities says that the Monetary Policy meeting of the Reserve Bank of India (RBI) will play an important role in giving direction to the Bullion Market, the Monetary Policy Meeting of the Reserve Bank of India (RBI), especially manufacturing data, especially manufacturing data. The World Gold Council recently said that gold consumption in India will come to a five -year low in 2025, as the purchase of jewelery is decreasing due to record high prices and even a slight increase in investment demands. The demand for gold in the second largest consumer country of this precious metal in the world may be between 600 MT to 700 MT in 2025, the lowest since 2020 and is less than 802.8 tonnes of the previous year.
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