On Wednesday, the rate of gold rose by Rs 430 to reach a record high of Rs 50,920 per ten grams. HDFC Securities has said that the impact of the rise in the gold rate on the international level was seen in the domestic market. At the time of closing of bullion market on Tuesday, gold was at Rs 50,490 per ten grams. Similarly, good demand for silver was also seen. Due to this, the rate of silver rose by Rs 2,550 to 60,400 per kg. On Tuesday, the price of silver was Rs 57,850 per kg.

HDFC Securities Senior Analyst Tapan Patel said, "Twenty-four-carat gold spot price in the capital rose by Rs 430 to a record high." Apart from this, due to the rise in the rate of gold at the international level, this increase has also been seen in the domestic market. ''

In the international market, the rate of gold rose to $ 1,855 an ounce. However, silver was at $ 21.80 an ounce. He said that there was good growth in demand for gold, due to which its price crossed the level of $ 1,850 an ounce. In this regard, Patel said that the demand for gold, which is considered a safe haven, has increased due to the rise in the cases related to the corona epidemic in America. Apart from this, the rate of gold rose in the international market to $ 1,855 an ounce. Silver was at $ 21.80 an ounce.

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