Gold Silver Price: Due to the weak trend in the global markets, gold fell by Rs 105 to Rs 50,889 per 10 grams in the Delhi bullion market on Friday. HDFC Securities has given this information. Due to this, gold had closed at Rs 50,994 per 10 grams in the previous trading session. This fall of gold is creating a good opportunity for the buyers and in the coming days if the prices of gold fall further, then its demand may increase further.
Silver saw a rise today
However, silver prices rose by Rs 21 to Rs 58,336 per kg in the national capital. The rupee appreciated by four paise against the dollar during early trading on Friday in the interbank foreign exchange market. The reason for this was the weakening of the dollar abroad and the rise in the domestic stock market.
Gold and silver were showing mixed business in the initial trade itself
Today gold and silver were showing mixed business as the trade started in the bullion market. While gold was trading with weakness gradually with a soft trend, its prices were gaining strength due to buying in silver.
Gold and silver prices in the international market
In the international market, gold fell to USD 1,653.25 an ounce while silver remained almost unchanged at USD 19.34 an ounce. Dilip Parmar, Research Analyst at HDFC Securities, said the previous spot price of gold in Comex was trading at $1,653.25 an ounce after the dollar recovered following Bank of Japan and ECB policy decisions.
Gold and silver prices continue to fluctuate
For some time, the prices of gold and silver have remained fluctuating and gold remained cheap during the festive time, due to which people also bought heavily. During the festival of Dhanteras, Deepawali and Bhai Dooj, there has been a great sale of gold and silver.
Wedding season closes in the country
Now the wedding season will start in the country from the day of Devotthan Ekadashi and after that the demand for gold and silver will increase strongly, predicts goldsmiths and jewelery traders.