The increase in the price of gold has been recorded today on Thursday. In the national capital, gold rose by Rs 266 on Thursday. The price of gold has risen to Rs 41,484 per 10 grams. According to HDFC Securities, the uptrend has been recorded due to positive global trends and rupee depreciation. It is being told that gold had closed at Rs 41,218 per 10 gram on Wednesday in the previous session. According to Tapan Patel, senior analyst (commodity) at HDFC Security, the 24-carat gold price in Delhi on Thursday was also Rs 266. A surge of has been recorded.
Patel said that the rise in the price of gold has been recorded at the domestic level due to the fall in the rupee and the recovery in the global prices of gold. Indian rupee was trading 9 paise lower at 71.42 against a dollar in early trade today. The rupee opened today with a fall. Whereas, the price of silver has seen a decline today. Silver has fallen by Rs 55 on Thursday.
The price of silver today closed at Rs 46,630 per kg. It is being told that silver closed at Rs 46,685 per kg on Wednesday. The decline in the prices of industrial units and coin traders has led to the fall in silver prices. On the international market, both gold and silver have seen gains on Thursday. Gold was trending at $ 1,574 an ounce and silver at $ 17.64 an ounce on Thursday. Investors are investing in gold considered safe haven due to the increase in the number of deaths from the same coronavirus. This is the reason why its prices are going up.