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Gold Price Today: Gold and silver became expensive today after a steady decline, know what are today’s rates

Photo:FILE Gold Price Today

Gold Price Today: Gold and silver prices rose on the first trading day of the week after a steady decline for the past few days. On Monday, gold rose by Rs 97 to Rs 52,490 per 10 grams in the Delhi bullion market. HDFC Securities gave this information. Gold strengthened on the back of rise in the prices of precious metals and depreciation of rupee in the international market. Due to this, gold had closed at Rs 52,393 per 10 grams in the previous trading session. Silver also rose by Rs 527 to Rs 58,465 per kg. Silver had closed at Rs 57,938 per kg in the previous trading session. The rupee depreciated 22 paise to 79.46 against the dollar in morning trade on Monday at the interbank foreign exchange market.

The boom in the international market also returned

In the international market, gold was trading higher at $ 1,777 an ounce. Silver was steady at $20.07 an ounce. HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot gold was at $1,777 an ounce on the New York-based commodity exchange COMEX, which helped the yellow metal here too.”

Gold futures rise by Rs 120

Gold prices on Monday rose by Rs 120 to Rs 51,994 per 10 grams in futures market as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold for delivery in October rose by Rs 120, or 0.23 per cent, to Rs 51,994 per 10 grams. It had a business turnover of 15,629 lots. Market analysts said buying of fresh positions by participants led to the rise in gold futures prices. Globally, gold rose two per cent to Rs 1,793.20 an ounce in New York.

Silver futures prices rise

Silver prices on Monday rose by Rs 503 to Rs 57,867 per kg in futures market as participants increased their positions on firm spot demand. On the Multi Commodity Exchange, silver for delivery in September rose by Rs 503, or 0.88 per cent, to Rs 57,867 per kg. It had a turnover of 17,420 lots. Market analysts said buying of fresh positions by participants due to a firm trend in the domestic market mainly led to the rise in silver prices at futures trade. Globally, silver rose one per cent to USD 20.04 an ounce in New York.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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