New Delhi, 1 July (IANS). Gold and silver prices saw a rise on Tuesday and the price of 24 carat gold has increased to more than Rs 97,000 per 10 grams and silver has reached close to Rs 1.07 lakh per kg.
According to the price released by the India Bullion Jewelers Association (IBJA) in the evening, the price of 24 carat gold has increased by Rs 1,544 to Rs 97,430 per 10 grams, which was Rs 95,886 per 10 grams on Monday.
The price of 10 grams of gold of 22 carats has increased to Rs 89,246, which was earlier Rs 87,832 per 10 grams. At the same time, the price of 10 grams of 18 carats has increased to Rs 73,073, which was earlier Rs 71,915 per 10 grams.
The prices of gold and evening gold are released twice a day by IBJA.
Along with gold, the price of silver has also increased. In the last 24 hours, the price of silver has increased by Rs 1,453 to Rs 1,06,963 per kg, which was earlier Rs 1,05,510 per kg.
In the international market, gold and silver prices are also seeing a rise. By the time the news was written, the gold rose by 1.75 percent to $ 3,365.72 an ounce and silver at 1.60 percent to $ 36.42 an ounce.
Since January 1, the price of 10 grams 24 carat gold has increased from Rs 76,162 to Rs 21,268 or 27.92 percent to Rs 97,430. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 20,946 or 24.35 percent to Rs 1,06,963 per kg.
Apart from this, positive business was seen in the rupee today and it rose 0.28 percent to Rs 85.51 against the dollar.
Jatin Trivedi of LKP Securities said, “The rupee is trading positively at 85.51 against the dollar to an increase of 0.28 per cent at 85.51, which is getting support from continuous weakness in index and crude oil prices.”
He further said, “The softened atmosphere of the dollar has helped the rupee to continue its recent boom. Market participants will closely monitor the major American figures this week, including non-form payroll, unemployment rate and ADP employment data, which can affect the direction of the dollar. The rupee is expected to trade within the limits of 85.20 to 85.80 rupees.”
-IANS
ABS/
