New Delhi: Gold and silver prices have increased in the domestic market today, influenced by international markets. According to HDFC Securities, gold rose by Rs 236 to Rs 51,558 per 10 grams in the country's capital on Friday. On the other hand, talking about silver, its price increased by Rs 376 to Rs 62,775 per kg.

In this context, HDFC Securities Senior Analyst (Commodities) Tapan Patel has stated, “The 24-carat gold prices in Delhi have been strongly in line with global prices. It has become expensive by Rs 236." Gold and silver were trading in the global market with gains of US $ 1,910 per ounce and US $ 24.27 per ounce respectively. Earlier on Thursday, gold prices rose by Rs 82 to Rs 51,153 per 10 grams in Delhi and silver rose by Rs 1,074 to Rs 62,159 per kg. In the global market, gold is trading at $ 1,891 an ounce and silver at $ 24 an ounce.

Gold has increased by 30% in the first 8 months of 2020, but in September, the pace has decreased with the rise of the dollar. Analysts expect the fall in gold prices based on the US dollar and the uptick in general market risk perception. Analysts expect that gold demand in India will increase in the festive season.

Also Read-

Indian Startups to form an Indigenous App Developer Association

Delhi Airport's Duty Free Shop started its 'Click and Collect' online service

Mukesh Ambani became richest man of India for 13th consecutive year, Forbes releases list