New Delhi: Friday was a good day for gold amid falling gold prices. There has been some increase in gold prices. Gold gained 236 rupees, to close at Rs 51,558 per 10 grams in Delhi on Friday. HDFC Securities said that gold stood at Rs 51,322 per 10 grams in the previous day's trade.
Silver also rose 376 rupees, to Rs 62,775 per kg, up from Rs 62,399 per kg in the previous trading session. Tapan Patel, senior analyst (commodity) at HDFC Securities, said, "The 24-carat gold rose by Rs 236 in the Delhi spot market due to the spurt in international gold prices." Due to strong spot demand, the bookies took on fresh deals, bringing gold to Rs 50,700 per 10 grams in the futures market on Friday, up 525 rupees.
In December, the price of gold contract delivery in MCX rose by Rs 525, or 1.05 percent, to Rs 50,700 per 10 grams. It traded for 15,556 lots. Market analysts said the latest purchases by traders have accelerated gold prices.
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