New Delhi: Gold and silver prices fell in the country's capital Delhi today. In Delhi, the price of 24 carat gold fell by Rs 319 to Rs 48,223 per 10 grams. According to HDFC Securities, gold had closed at Rs 48,542 per 10 grams in the last trading session. The rupee's surge against the dollar has brought down gold prices in the domestic market.
On the other hand, when it comes to silver, it has fallen by Rs 1,287 to Rs 70,637 per kg. Silver had closed at Rs 71,924 in the previous trading day. Gold touched $1,900 an ounce in the global market while silver remained steady at $27.70 an ounce. On the other hand, from today, the Central Government has given an opportunity to the people to buy gold at affordable rates. Investors can buy gold at a much lower price than the market price under the Sovereign Gold Bond scheme. However, the scheme will open only for five days (24th May to 28th May). Today is its first day.
Under the scheme, you can buy gold at a price of 4,842 per gram. That is, if you buy 10 grams of gold, it costs Rs.48,420 and the gold bond is purchased online, the Government gives an additional concession of Rs.50 per gram to such investors. The payment for applications is to be made through 'digital mode'. Investors will have to pay Rs 4,792 per gram of gold on buying gold online. In that case, you will get 10 grams of gold for Rs. 47,920.
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