Big rise in gold prices
Gold Price: The trend of fluctuations in the price of gold continues during the festive season. In this connection, today i.e. on Friday, the price of 24 carat (99.9% purity) gold in the capital Delhi reached Rs 78,500 per 10 grams with a fresh increase of Rs 1150. Experts say that this rise in gold prices has been due to fresh purchases by jewelers amid positive trends at the global level. After today’s latest increase, gold prices have reached near their all-time high.
Silver price reached Rs 93,000 with a jump of Rs 1500
Earlier on Thursday, gold of 99.9 percent purity had closed at Rs 77,350 per 10 grams. On Friday, the price of silver also increased by Rs 1500 to Rs 93,000 per kg. Silver prices have seen a rise for the second consecutive day. On Thursday, silver had closed at Rs 91,500 per kg.
Gold of 99.5 percent purity reached Rs 78,100 with a rise of Rs 1150.
Let us tell you that the price of gold was falling for 3 consecutive days. After three days of fall, gold of 99.5 percent purity jumped by Rs 1150 to Rs 78,100 per 10 grams. Gold of 99.5 percent purity had closed at Rs 76,950 per 10 grams in the last trading session. Traders said gold prices rose due to pick up in local demand as well as positive global trends.
Gold prices also increased on MCX
In the futures trade of Multi Commodity Exchange (MCX), gold contract for December delivery rose by Rs 613 to Rs 75,910 per 10 grams. Jatin Trivedi, Vice President (Commodity and Currency), Research Analysis Department, LKP Securities, said, “Gold prices remain high. High unemployment claims and high crude oil prices are a sign of inflationary pressure.” Globally, Comex gold futures rose 0.79 percent to $ 2,660.10 an ounce.
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