Gold and silver prices continue to rise. Except for a few days, new records are being made every day. According to the website of India Bullion and Jewelers Association (IBJA), by the market close on Friday, the price of 24 carat gold stood at Rs 1,21,525 per 10 grams, while the price of silver stood at Rs 1,64,500 per kg. The market remains closed on Saturday and Sunday, hence the same prices will remain applicable. On the other hand, according to All India Bullion Association, the price of silver in Delhi jumped by Rs 8,500 to reach a new record level of Rs 1,71,500 per kg. The price of gold of 99.9 per cent (24 carat) and 99.5 per cent (23 carat) purity declined by Rs 600 to Rs 1,26,000 and Rs 1,25,400 per 10 grams (including all taxes), respectively. Know the latest prices of 24 karat, 23 karat, 22 karat, 18 karat and 14 karat gold as per IBJA.
Today’s gold and silver prices are as follows:
24 carat gold: ₹121,525 per 10 grams
23 carat gold: ₹121,038 per 10 grams
22 carat gold: ₹111,317 per 10 grams
18 carat gold: ₹91,144 per 10 grams
14 carat gold: ₹71,092 per 10 grams
999 silver: ₹164,500 per kg
What was the price of gold last day?
According to the All India Bullion Association, gold prices fell below their record levels in the bullion market of the national capital on Friday. On Friday, the price of gold of 99.9 per cent and 99.5 per cent purity fell by Rs 600 each to Rs 1,26,000 and Rs 1,25,400 per 10 grams (including all taxes), respectively. On Thursday, gold prices of both categories closed at record levels of Rs 1,26,600 and Rs 1,26,000 per 10 grams.
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According to the All India Bullion Association, the price of silver rose by Rs 8,500 to a new record high of Rs 1,71,500 per kg in the bullion market of the national capital Delhi on Friday. On Thursday, silver had closed at Rs 1,63,000 per kg. Silver prices have increased by Rs 100. $17,500 per kg in the last three consecutive trading sessions.
Gold and silver prices in global market
Globally, spot gold rose by US$16.61 to $3,992.80 an ounce, while spot silver rose 1.52 per cent to $50.01 an ounce. On Thursday, silver crossed the level of $ 51 an ounce for the first time in the international market.
what experts say
According to news agency Bhasha, Manav Modi, precious metals research analyst at Motilal Oswal Financial Services, said that silver is in an upward trend. On one hand the demand for silver is strong, on the other hand there is shortage of supply. Analysts said the Federal Reserve has signaled an accommodative monetary policy, which has supported the precious metals. He believes that unless there is significant stabilization in global risk sentiment, interest rate cuts by the Federal Reserve, fiscal uncertainty in the US, and persistent supply shortages could keep silver bullish in the near term.
gold futures prices
Gold prices rose by ₹527 to ₹1,21,020 per 10 grams in futures trade on Friday due to fresh deals by speculators amid strong spot demand. On the Multi Commodity Exchange, the contract for December delivery rose by ₹527, or 0.44 per cent, to ₹1,21,020 per 10 grams. On Thursday, the futures price of gold had fallen from its record high of ₹1,20,493 per 10 grams. In the overseas market, gold futures for December delivery on Comex rose by ₹26.50, or 0.67 per cent, to ₹3,999.10 an ounce. Gold prices hit a record high of ₹4,081 an ounce on Wednesday.
