Gold prices rise after struggling for 2 weeks, silver rate also jump

New Delhi: Today, the price of gold and silver was recorded strong in the capital of the country. According to HDFC Securities, today the price of gold rose by Rs 877 to Rs 50,619 per 10 grams. Explain that gold had closed at Rs 49,742 per 10 grams on the previous trading day.

On the other hand, the price of silver rose by Rs 2,012 to Rs 69,454 per kg as against Rs 67,442 per kg in the previous trading session. In the global market, gold and silver were trading at the US $ 1,935 per ounce and the US $ 27.30 per ounce respectively. In this context, HDFC Securities Senior Analyst (Commodities) Tapan Patel has said, "Gold prices have increased due to the fall in the dollar."

Looking at the data from January 2011 to December 2020, gold is ahead of both the Sensex and silver in terms of returns. Gold has given a return of 151 per cent in this decade. Gold took a spectacular lead in 2011, but after that, it was around 28,000 from January 2012 to June 2017. That is, it did not give any returns for five and a half years. Gold started coming back again from December 2019 and it has created a new historical level.

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