Gold-Silver Price: Gold shone again due to strong global trend, fall in silver, know what the feelings are …

Delhi bullion market: The price of gold rose by Rs 100 to Rs 98,750 per 10 grams in the bullion market of the national capital on Friday amidst strong global signals. Gold with 99.5 percent purity increased by Rs 100 to Rs 98,300 per 10 grams (including all taxes). On the global front, the spot gold increased by $ 35.46, or 1.08 percent to $ 3,330.23 an ounce. However, silver slipped by Rs 2,000 to Rs 99,200 per kg (including all taxes). Silver closed at Rs 1,01,200 per kg on Thursday.

The All India Bullion Association gave this information. Gold with 99.5 percent purity increased by Rs 100 to Rs 98,300 per 10 grams (including all taxes). According to the bullion association, the strong trend of international markets and the concerned concerns over the American fiscal policy have continued to support the demand for bullion.

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However, on Friday, the price of silver slipped by Rs 2,000 to Rs 99,200 per kg (including all taxes). Silver closed at Rs 1,01,200 per kg on Thursday. On the global front, the spot gold increased by $ 35.46, or 1.08 percent to $ 3,330.23 an ounce.

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Kayanat Chanwala, AVP (Jens Research) in Kotak Securities, said, “The biggest weekly lead in gold has been recorded in the US since mid -April.” According to Soumil Gandhi, Senior Analyst (Commoner) of HDFC Securities, market participants are waiting for the major figures to be released in the US. This includes the sale of new homes, it is likely to affect gold prices. (Language)
Edited by: Chetan Gour