On Wednesday, the price of gold rose by Rs 350 to close at Rs 71,950 per 10 grams in the Delhi bullion market. In the previous trading session, gold had closed at Rs 71,600 per 10 grams. Amid indications from domestic demand and global trend, the All India Sarafa Association said that the price of silver rose by Rs 1,100 to close at Rs 85,600 per kg. Its previous closing price was Rs 84,500 per kg. According to Bhasha news, meanwhile, the price of gold of 99.5 percent purity rose by Rs 350 to Rs 71,600 per ten grams. Its previous closing price was Rs 71,250 per 10 grams.
Demand for gold remains intact in Indian markets
According to the news, commodity market experts say that the demand for gold in the Indian markets remains high, which is due to the recent reduction in import duty and the upcoming festive season. Chintan Mehta, Chief Executive Officer (CEO) of Abans Holdings, said that participation in gold is increasing. Gold prices may improve as some participation is increasing. We believe that gold prices will rise further. Globally, gold is trading at $ 2,465.50 an ounce, up $ 13.60 an ounce from its previous close in Comex. In the international market, silver rose 0.58 percent to $ 28.69 an ounce in Comex.
gold price in futures trading
On Wednesday, the price of gold rose by Rs 603 to Rs 69,213 per 10 gram in futures trading as speculators created fresh deals amid strong spot demand. On the Multi Commodity Exchange, the price of the contract for delivery in the month of August rose by Rs 603 or 0.88 per cent to Rs 69,213 per 10 gram. 320 lots were traded in it. Market analysts said that the rise in gold futures prices was due to the strong trend in the global markets.
silver price in futures trading
Silver prices on Wednesday rose by Rs 558 to Rs 83,217 per kg in futures trade as traders increased the size of their deals amid strong spot demand. On the Multi Commodity Exchange, the price of silver contract for delivery in September rose by Rs 558, or 0.68 per cent, to Rs 83,217 per kg. A business of 27,340 lots was traded. Market analysts said silver futures prices rose as traders created fresh deals due to a firm trend in the domestic market.
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