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Tremendous rise in gold and silver prices, know how expensive it became

Sagar Patel

By Sagar Patel

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Due to the rise in the global market, there was a rise in gold and silver prices in the country’s capital Delhi on Thursday. In fact, this rise has occurred due to the cut in interest rates by the European Central Bank and the fall in the profitability of American bonds. Due to this increase, the price of gold approached Rs 73,000 on Thursday. On the other hand, the price of silver also approached Rs 92,000. On the other hand, an increase in gold and silver prices is observed in foreign markets. Let us also tell you how gold and silver prices are looking in Delhi and New York.

Big rise in gold and silver in Delhi

In the bullion market in national capital Delhi on Thursday, gold rose by Rs 680 to Rs 73,500 per 10 gram. In the last trading session, gold closed at Rs 72,820 per 10 grams. Silver price also increased by Rs 1,400 to Rs 93,300 per kg. In the last trading session it had closed at Rs 91,900 per kg. HDFC Securities senior commodities analyst Saumil Gandhi said amid bullish signals in the overseas market, spot gold (24 karat) in the Delhi market rose by Rs 680 to Rs 73,500 per 10 gram. Gandhi said gold prices rose due to falling US bond yields and mixed US macroeconomic data. The European Central Bank could cut interest rates at its policy meeting on Thursday, which could support gold prices.

Increase in gold and silver prices in foreign markets

On the Comex market in New York, gold futures are trading at $2,391.60 per ounce, up $16 per ounce. At the same time, the spot gold price is trading at $2,369.47 per unit with an increase of $14 per unit. On the other hand, the price of silver is also increasing. According to the data, the silver future price is trading at $31.43 per unit with an increase of 4.51 percent. Spot silver is trading at $31.22 per unit up 4 percent. If experts are to be believed, an increase in gold and silver prices is possible in the coming days.

Rising Gold and Silver Prices on MCX

Gold and silver prices closed steady on Thursday on the Multi Commodity Exchange. Gold prices fell marginally by Rs 8 and closed at Rs 73,123 per ten gram. While Gold opened with Rs 72,879. During the trading session, gold hit the day’s high of Rs 73,308. While silver closed at Rs 93,823 with a slight increase of Rs 7. During the trading session, the silver price also touched the day’s high of Rs 93900. However, silver opened at Rs 90,839.

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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