The price of gold and silver is continuously on the seventh sky. In the country’s capital Delhi, gold rose for the third consecutive day on Wednesday and reached a new high. Silver also continued its upward climb and reached a record high. HDFC Securities said that amid strong cues in overseas markets, gold crossed the Rs 72,000 per 10 gram level in the national capital. Due to this, gold and silver prices reached fresh highest levels for the third consecutive session on Wednesday.
what was the price today
In Delhi, gold price rose by Rs 160 to reach an all-time high of Rs 72,000 per 10 grams. On Tuesday, this record closed at Rs 71,840 per 10 grams. Similarly, the price of silver rose by Rs 200 to a record Rs 84,700 per kg. Saumil Gandhi, senior commodity analyst at HDFC Securities, said that amid the bullish trend in foreign markets, spot prices of gold (24 carat) are trading up by Rs 160 at Rs 72,000 per 10 grams in Delhi markets.
gold in international market
In international markets, spot gold was trading at US$2,356 an ounce, higher by US$6 from its previous close. Gold prices rose in European trading hours on Wednesday, Gandhi said. Navneet Damani, senior vice president, commodity research, Motilal Oswal Financial Services, said gold and silver are hovering around all-time highs as safe-haven demand for the metals remains amid geopolitical tensions and anticipation. Silver prices also rose marginally to $28.
prices in futures trading
Apart from this, silver prices also closed with a slight increase at $ 28.10 an ounce. In the last session it had closed at $ 28.04 an ounce. In futures trading on MCX, gold hit an all-time high of Rs 71,709 per 10 grams in intra-day trade. The most traded June contract of the precious metal was trading at Rs 71,364 per 10 grams at 1700 hours. It rose by Rs 24, or 0.03 per cent, to Rs 71,364 per 10 grams. Gold’s August delivery contract also hit an intra-day high of Rs 72,042 per 10 grams.
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