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Gold-Silver today rate: The bullion market was affected today by the rise in the stock market. A huge rise was recorded in the prices of gold and silver. According to the All India Bullion Association, the price of gold strengthened by Rs 700 to Rs 79,700 per 10 grams in the bullion market of the national capital on Tuesday. All India Bullion Association gave this information. On Monday, the price of gold closed at Rs 79,000 per 10 grams. Silver price also jumped by Rs 1,300 to Rs 92,000 per kg. In the previous session, silver had closed at Rs 90,700 per kg. This rise in gold and silver came due to increase in demand for jewellery. Besides, the falling rupee also had an impact.
Rupee falls to record low
Bullion traders said bullion prices rose due to strong trend in foreign markets and increase in domestic demand. The rupee on Tuesday fell five paise to close at 85.73 (provisional) against the US dollar as higher crude oil prices and foreign fund outflows continued to put pressure on the rupee. In international markets, Comex gold futures rose 0.28 percent to $ 2,654.90 an ounce.
Strength returned with the arrival of Donald Trump
Saumil Gandhi, Senior Analyst (Commodity), HDFC Securities, said that gold is hovering at the level of $ 2,635 amid mixed signals. Uncertainty about US President-elect Donald Trump’s policies is attracting some investment and providing support to the precious metal. Comex silver futures were trading 0.73 percent higher at $30.81 an ounce in Asian trading hours.
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