Gold and Silver Price Today: The price of gold increased in Delhi’s bullion market on Tuesday. While the price of silver remained stable. For the second consecutive trading session this week, the price of gold is rising in the national capital. There was an increase of Rs 200 per 10 grams on the previous day, while today the price of gold increased by Rs 500 per 10 grams.
Domestic as well as international factors are being considered responsible for this rise in the prices of precious metals. HDFC Securities senior analyst Saumil Gandhi believes that the price of gold rose on Tuesday due to increased demand for safe investment options in the market. Apart from this, there was concern that Iran could attack Israel early this week, which has increased the premium of safe investment in gold.
Talking about the international market, the price of one ounce spot gold in Comex was trading at $ 2,502.70, up by US $ 1.30. On the contrary, the price of silver was down at $ 27.81 an ounce.
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The price of gold in Delhi on Tuesday rose by Rs 500 to Rs 72,850 per 10 grams amid strong trend in the international market and rising demand in the domestic market. In the last trading session on Saturday, the price of 99.9 percent pure gold closed at Rs 72,350 per 10 grams. According to the All India Sarafa Association, the price of silver remained stable at Rs 83,500 per kg. Meanwhile, the price of 99.5 percent pure gold in Delhi strengthened by Rs 500 to Rs 72,500 per 10 grams as compared to its previous closing price. Increased demand among retailers as well as jewelers is being considered responsible for this rise in gold prices.
