New Delhi: Gold prices rose 182 rupees, to 47,023 rupees per 10 grams in the country's capital Delhi on Monday. This has led to a spurt in prices of precious metals in the global market and a fall in the rupee. HDFC Securities has reported in this regard. In the previous trade, the price of gold was Rs 46,841 per 10 grams.
However, silver lost 178 rupees, to 64,721 rupees per kilo. It had closed at Rs 64,899 in the previous trade. The Indian rupee weakened 18 paise, to 75.08 against the US dollar on Monday. In the global market, gold was trading higher at $1,800 an ounce. And silver has been flat at $24.48 an ounce. Tapan Patel, senior analyst (commodity) at HDFC Securities, said gold prices were trading 0.40 per cent higher on Gold Present Comex on Monday.
Gold prices are likely to go up from Rs 57,000 to Rs 60,000 from Diwali to December. That is, the prices that are currently running could go up by 14,000 per 10 grams. As far as silver is concerned, it may also see a big increase. Most traders believe that silver prices could go up from Rs 76,000 to Rs 82,000 per kg by Diwali or the end of the year.