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Gold price again surpasses Rs 75,000 in Delhi, has risen so much

Sagar Patel

By Sagar Patel

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Gold prices have again reached sky-high levels in the country’s capital Delhi. On Wednesday, the prices crossed Rs 75,000. On the other hand, no change has been seen in the price of silver. If we talk about overseas markets, good growth is being seen. Also, there is a surge in the futures market in the country. Let us also tell you what the prices of gold and silver have become in the markets of the country and the world apart from Delhi.

Gold and silver prices in Delhi

According to the All India Bullion Association, gold closed at Rs 75,050 per 10 grams in the country’s capital Delhi on Wednesday, up by Rs 400. In the last trading session, gold was quoted at Rs 74,650 per 10 grams. On the other hand, silver price remained unchanged at Rs 94,400 per kg. The association said that in bullion markets, gold is trading at Rs 75,050 per 10 grams, up by Rs 400 compared to the previous closing price. Market sources said that gold prices saw a rise due to rising domestic demand.

How much has the international market grown?

On the international market, Comex gold futures rose by $15 per ounce to $2,382.90 per ounce. Spot gold prices are also up by about $12 per ounce and are trading at $2,375.86 per ounce. Comex silver futures are forecast to rise by 0.35 percent to $31.17 per ounce. Spot silver prices are stable at $30.83 per ounce.

gold and silver in mcx

The price of gold on the country’s futures market, Multi Commodity Exchange, rose by Rs 377 to Rs 72,775. During the trading session, gold also touched a high of Rs 72,972. However, on Wednesday, gold opened at Rs 72,530. A rise of Rs 170 is being seen in the price of silver and the price has touched Rs 93,139. ​​During the trading session, silver also touched the day’s high of Rs 93,780. However, the price of silver opened at Rs 93,073 on Wednesday.

What the experts say

LKP Securities Vice President, Commodity & Research Analyst Jatin Trivedi said there was a positive trend in gold prices. Buying increased on expectations of weak inflation data released in the US on Thursday afternoon, which could lead to a rate cut by the US Federal Reserve at its September meeting. Apart from this, silver prices also rose to $31.25 per ounce globally.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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