Gold Price Today: Gold became costlier by Rs 50, silver price fell by Rs 500

Gold and Silver Price Today: On Friday, gold prices rose and silver prices fell in Delhi’s bullion market. While the price of gold increased by Rs 50 per ten grams, the price of silver fell by Rs 500 per kg. International factors were blamed for the fluctuations in the prices of precious metals. HDFC Securities Senior Commodities Analyst Saumil Gandhi said that gold rose slightly on Friday. The reason for this is the disappointment over the first quarter GDP data in the US, which indicates a slowdown in the economy. Pranav Mer of BlinkX and JM Financial said that so far this week, gold prices have been stuck in a range. The reason for this is the much-awaited US personal consumption expenditure (PCE) data which will be released today.

Gold became expensive in Delhi, the price of silver decreased

Amid strong trend in international markets, gold rose by Rs 50 to Rs 72,900 per 10 grams in Delhi’s bullion market on Friday. In the last trading session, gold closed at Rs 72,850 per 10 grams. HDFC Securities Senior Commodities Analyst Saumil Gandhi said that the price of ten grams spot gold (24 carat) in Delhi markets reached Rs 72,900, which is Rs 50 more than the previous closing price. However, the price of silver fell by Rs 500 to Rs 95,500 per kg. On Thursday, it closed at Rs 96,000 per kg.

Also read: New Rule From June: These rules will change from Saturday, will directly affect your pocket, check details

How was the trend of precious metals in the international market

Talking about foreign markets, the price of one ounce spot gold in Comex was trading at 2,341 US dollars, which is two dollars more than the previous closing price. However, the price of silver was down to $ 31.20 per ounce while during the previous trading session it was at $ 31.65 per ounce.