Gold price surges, silver reached 70,000

Sep 15 2020 05:07 PM
Gold price surges, silver reached 70,000

New Delhi: Gold and silver prices have increased in the country today. HDFC Securities has informed that gold in the country's capital increased by 422 rupees, to 53,019 rupees per 10 grams on Tuesday amid a fall in rupee and a positive global trend. If you talk about silver, the demand for silver has increased, making it 1,013 rupees, to 70 thousand. Today, one-kg silver 70,743 rupees.

Tapan Patel, senior analyst (commodities) of HDFC Securities, said, "The price of 24 carat gold in Delhi has gone up by 422 rupees from the rupee decline. Today, the rupee lost its initial profit to close at 73.64 (provisional) per dollar, losing 16 paise. Gold was trading at $1,963 an ounce in the global market, while silver was steady at $27.31 an ounce.

Since the beginning of this year, gold prices in India have risen by 30 per cent amid the steps taken by central banks and governments around the world. India is the second-largest importer of gold after China. India adds 12.5 per cent import duty and three per cent GST on gold, followed by a further increase in its price.

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