In the last trading session, gold closed at Rs 51,251 per 10 grams. Silver also rose by Rs 365 to Rs 68,218 per kg, from Rs 67,853 per kg in the previous trading session.
Silver also rose by Rs 365
According to the report, silver also rose by Rs 365 to Rs 68,218 per kg, from Rs 67,853 per kg in the previous trading session. Gold prices rose to 1,938 an ounce in international markets. Silver, on the other hand, rose slightly to 25 25.22 an ounce.
HDFC Securities Senior Analyst (Products) Tapan Patel said that despite the appreciation of the rupee, the 24 carat gold spot price in Delhi has gained Rs 249 after last night’s rise on the New York-based Commodity Exchange, Comex. . He said the decline in US bond yields has also supported the rise in gold prices in the global market.
Gold futures are also sharp
Due to strong spot demand, speculators have created new positions, with gold prices rising by Rs 358 to Rs 51,505 per 10 grams in futures trade on Thursday. At the Multi Commodity Exchange (MCX), gold for delivery in April rose by Rs 358, or 0.7 per cent, to Rs 51,505 per 10 grams in 8,408 lots of business turnover. Market analysts attributed the rise in gold futures to participants’ new positions. Globally, gold in New York rose 1.34 percent to 9 1,934.70 an ounce.
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Silver futures have risen
Silver futures rose by Rs 931 to Rs 68,235 per kg on Thursday as participants increased their position in strong spot demand. On the Multi Commodity Exchange, silver for delivery in May rose by Rs 931, or 1.38 per cent, to Rs 68,235 per kg. It had a business of 5,998 lots. Market analysts said that the new position of participants in the growing domestic demand has mainly led to a rise in the price of silver. Globally, silver rose 2.89 percent to 25 25.43 an ounce in New York.
