At the Delhi Bullion Market, gold rose by Rs 271 to Rs 51,670 per ten grams on Thursday. Due to this, gold closed at Rs 51,399 per 10 grams in the previous trading session.
The price of silver has gone up
Today, silver also rose by Rs 818 to close at Rs 68,425 per kg. In the previous trading session, silver closed at Rs 67,607 per kg. The rupee depreciated 15 paise to 75.95 against the US dollar on the Interbank Forex Exchange on Thursday on rising crude oil prices amid rising tensions between Russia and Ukraine.
In international markets, gold rose to 1,932 an ounce and silver remained unchanged at around 25.40. Tapan Patel, senior analyst (products) at HDFC Securities, said on Wednesday that the spot price of gold on the New York-based Commodity Exchange Comx has strengthened to $ 1,932 an ounce. This has strengthened the price of gold.
The price of gold futures has risen
In futures trade, gold rose by Rs 489 to Rs 51,783 per 10 grams on Thursday as speculators created new positions on strong spot demand. On the Multi Commodity Exchange, gold for delivery in April rose by Rs 489, or 0.95 per cent, to Rs 51,783 per 10 grams with a trading turnover of 10,941 lots. Market analysts said that gold futures have risen on the back of new positions by participants. Globally, gold prices in New York rose 0.59 percent to 9 1,933.60 an ounce.
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Silver futures price jump
Silver rose by Rs 487 to Rs 67,450 per kg in futures trading on Thursday as participants increased their position on strong spot demand. On the Multi Commodity Exchange, silver futures for delivery in March rose by Rs 487, or 0.73 per cent, to Rs 67,450 per kg. In this 393 lots have been traded. Market analysts said the new position of participants in a bullish trend in the domestic market has led to a rise in the price of silver in futures trading. Globally, silver in New York traded up 1.11 percent at .4 25.47 an ounce.