Gold and silver price increases with its demand
Gold and silver price increases with its demand
Share:

Due to increased demand before the weddings season starts, gold prices are getting strong growth in the domestic bull market. On Saturday, gold prices rose by Rs 325 to Rs 30,775 per ten grams in the bullion market in Delhi. 

Silver prices have risen by Rs 600 to Rs 41,150 per kg in Delhi's Sarafa Bazar due to heavy demand from industrial units and coin makers. In the weekly delivery, silver rose by Rs 560 to Rs 40,150 per kg. 

In Delhi, gold of 99.9 and 99.5 percent purity rose by Rs 325-325 to Rs 30,775 and Rs 30,625 per 10 gram respectively. In the last two days, the price of gold fell to 175 rupees. However, the price of Guinness 8 grams of gold in limited deals was Rs 24,700. 

According to traders, the wedding season has started. Therefore, the demand for gold from the local jewelers is increasing steadily. Apart from this, due to the weakness of the US dollar gold prices in the international market are increasingly rising. 

Gold, silver prices rise in the international market.  Globally, gold in Singapore rose 0.04 percent to $ 1,755.62 an ounce in Singapore. At the same time, the American New York gold rose 1.18 percent to reach $ 1,293.40 an ounce. Silver prices have climbed 1.32 percent to $ 17.28 an ounce in the meantime. 

Also Read:

Government will close checkbook service to promote digital transaction

SEBI to investigate results of companies on Whatsapp leak

Experts say "Moody's decision will benefit both government and common man."

 

Join NewsTrack Whatsapp group
Related News