The rising trend in gold and silver prices continues. In the bullion market of the national capital on Tuesday, gold and silver prices continued to set records for the second consecutive day and the prices of both the precious metals reached new all-time highs. According to Bhasha news, the price of gold in Delhi rose by Rs 140 to a new high of Rs 71,840 per 10 grams. On Monday, gold had closed at Rs 71,700 per 10 grams.
The shine of silver is too strong
Silver price in Delhi also jumped by Rs 500 to reach a new record high of Rs 84,500 per kg, whereas on Monday, silver had crossed the level of Rs 84,000 for the first time. Saumil Gandhi, Research Analyst, HDFC Securities, said that taking cues from the strong trend in overseas markets, the spot price of 24 carat gold in Delhi markets was trading at a new record high of Rs 71,840 per 10 grams, which was higher than the previous closing price. There is an increase of Rs 140.
spot gold in comex
According to the news, spot gold in the foreign market Comex was trading at $ 2,350 an ounce, which is $ 14 more than the previous closing price. Gandhi said traders continued to ride the momentum, pushing gold prices to new highs on a daily basis. The dollar index is trading lower and US bond yields have declined, giving it additional support for safe-haven assets. Additionally, silver prices also increased and traded at $ 28.04 an ounce. In the last trade it had closed at $ 27.80 an ounce.
gold in futures trading
Gandhi said the upcoming US Consumer Price Index (CPI) data is expected to have a significant impact on gold prices. Prices are already at high levels. After these figures, profit booking may start, which may lead to a decline. In futures trade, gold hit an all-time high of Rs 71,739 per 10 grams on MCX in intraday trade.
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