New Delhi: The price of gold has crossed the 50 thousand rupees mark on Thursday. Now gold seems to be approaching the new record again. While the prices of silver have been recorded. On Thursday, gold prices in the futures market rose by 0.12%, or Rs 62, to Rs 50,196 per ten grams.
Silver has fallen by 0.67% i.e. Rs 408 to Rs 60,707 per kg. Economic conditions are worsening as the coronavirus epidemic increases. Hence, investors are investing in gold for safe investment. Increased prices of gold and silver are confirming this. On Thursday, gold spot prices in the Sarafa Bazar of Ahmedabad were Rs 50,005 per ten grams. Gold Future sold at the rate of Rs 50,195 per ten grams. According to HDFC Securities, on Wednesday, gold prices in the bullion market of Delhi rose by Rs 430 to Rs 50,920 per ten grams. Silver also showed strong strength and its price rose by Rs 2,250 to Rs 60,400 per kg.
On Thursday, gold has reached a record level of 9 years in the global market. On Thursday, the gold spot in the global market gained 0.1% to $ 1872 an ounce. Gold Future strengthened 0.2% and reached $ 1869.30 an ounce.
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