Gold Price Today: Gold prices fall significantly silver rises. In the last trading session of this week, gold fell by Rs 252. According to HDFC Securities, the gold price in the national capital on Friday stood at Rs 52,155 per 10 grams.
Gold Price Today: Gold prices fall significantly silver rises know today’s rates
In the previous session, the closing price of gold was at Rs 52,407 per 10 grams. There was a decrease in the price of gold amid the rise in the value of the rupee against the US dollar. On Friday, the rupee strengthened by 43 paise to reach 73.39 per dollar level in the currency market due to continued investment by foreign investors and the weakening of the US dollar.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Despite the recovery in the gold rate internationally due to the strengthening of the rupee, the prices of 24-carat gold fell to Rs 252 in Delhi. ”
Silver prices rose by Rs 462 due to increase in demand amid falling gold prices. According to HDFC Securities, the silver price reached Rs 68,492 per kg in the last trading session of the week. In the previous session, silver was priced at 68,030 per kg.
Gold rate in the futures market
On the Multi Commodity Exchange, gold for delivery in October was up by Rs 268, or 0.53 per cent, to Rs 51,170 per ten grams. It traded for 15,624 lots. Analysts said the increase in yellow metal prices led to a rise in participants’ deals.
Back in India, the sixth tranche of sovereign gold bonds of this fiscal will open for subscription on August 31. The issue price of the bonds will be fixed in on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited for the last 3 working days of the week preceding the subscription period.