On Friday, the spot price of gold and silver has also increased. In the national capital Delhi, the price of gold has risen by Rs 144 on Friday. With this speed, the price of gold in Delhi has gone up to Rs 48,334 per 10 grams. According to HDFC Security, the rise in gold prices at the international level has also led to a rise in gold in the domestic bullion market. In the previous session, gold had closed at Rs 48,190 per 10 grams on Thursday.
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Along with gold on Friday, the price of silver has also registered a rise in the domestic bullion market. Silver has gained Rs 150 on Friday. The price of silver has risen to Rs 49,160 per kg. Earlier, silver had closed at Rs 49,010 per kg in the previous session. Similarly, HDFC Securities Senior Analyst (Commodity) Tapan Patel said that on Friday, 24-carat gold price in Delhi was trending with a rise of Rs 144. Patel said that due to the fall in the rupee, there has been a hike in gold prices. The Indian rupee was trading 6 paise lower at 76.20 against a dollar on Friday.
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Talking about the international market, gold was seen moving at $ 1,729 an ounce and silver at $ 17.49 an ounce on Friday. When talking about the domestic futures market, on Friday evening, both gold and silver were trending upwards. On Friday evening of 5 August 2020, the futures price of gold was trading 0.36% or Rs 170 on MCX, at Rs 47,525 per 10 grams. On the other hand, on July 3, silver was trading at Rs 48,389 per kg, rising by 1.10% or Rs 528 at this time.
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