New Delhi, 2 July (IANS). Gold and silver prices saw a slight rise on Wednesday and the price of 24 carat gold increased to more than Rs 97,000 per 10 grams and silver has crossed Rs 1.06 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 50 to Rs 97,480 per 10 grams, which was Rs 97,430 per 10 grams on Tuesday.
The price of 10 grams of gold of 22 carats has increased to Rs 89,292, which was earlier Rs 89,246 per 10 grams. At the same time, the price of 10 grams of 18 carats has increased to Rs 73,110, which was earlier Rs 73,073 per 10 grams.
The prices of gold and evening gold are released twice a day by IBJA.
Unlike gold, there has been a slight decline in the price of silver. In the last 24 hours, the price of silver has come down by Rs 275 to Rs 1,06,688 per kg, which was earlier Rs 1,06,963 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 0.05 percent to $ 3,351.72 an ounce and silver rose by 1.01 percent to $ 36.21 an ounce.
Since January 1, the price of 10 grams 24 carat gold has increased from Rs 76,162 to Rs 21,318 or 27.99 percent to Rs 97,480. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 20,671 or 24.03 percent to Rs 1,06,688 per kg.
Apart from this, the rupee saw light weakness today and it fell 0.19 percent to Rs 85.71 against the dollar.
Jatin Trivedi of LKP Securities said, “The rupee is weakening by 0.19 percent to 85.71 against the dollar due to strengthening of the dollar index and crude oil, which is increasing at 85.71, which is increasing the pressure on the domestic currency. In addition, the weakness in the domestic capital markets contributed to the decline of the rupee. The parole, unemployment rate and ADP employment data, will probably decide the dollar move.
-IANS
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