Gold, Silver Price Today: This week, an increase was seen in the price of silver for the fourth consecutive day. With this, the price of silver in the Indian market broke all the records till now and reached a new level. The price of silver in Delhi increased by Rs 300 to reach an all-time record level of Rs 89,000 on Friday. Whereas during the last trading session it had closed at Rs 88,700 per kg. Meanwhile, amid strong trend in foreign markets, the price of gold fell by Rs 150 to Rs 73,900 per 10 grams. Whereas in the last trading session it had closed at Rs 74,050.
“Gold prices declined on Friday as the US dollar and US bond yields recovered from multi-week lows,” said Saumil Gandhi, senior commodity analyst at HDFC Securities. The US dollar index is currently 0.22 percent higher than its previous close.
In the international market, Comex (commodity market), spot gold remained at $ 2,380 per ounce, which is six dollars below the previous close. Pranav Mer, Vice President, Research (Commodity & Currency), BlinkX and JM Financial Services, said, “Gold is seen trading on a strong note so far in the session and the end of the week is likely to be positive. The reason for this is that the recently released economic data from America shows signs of slowing down in activity, while inflation has started decreasing again. This has increased the hope that the US Federal Reserve may soon cut interest rates. However, silver remained with an increase of $ 29.65 an ounce. In the last trade it had closed at $ 29.55 an ounce.
Also read: Fixed Income Fund: Is the income, profit and risk fixed in these schemes? Invest money after checking the profit and risk.
How were the prices of gold and silver for the remaining 4 days this week?
Monday 13th May
In Delhi’s bullion market, gold fell by Rs 100 and closed at Rs 73,150 per 10 grams, whereas in the last trading session, gold was at Rs 73,250. Similarly, the price of silver also fell by Rs 300 to Rs 85,200 per kg. Whereas in the last trading session, silver had closed at Rs 83,500.
Tuesday 14th May
In Delhi, gold fell for the second consecutive day and fell by Rs 200 to Rs 72,950 per 10 grams. In the last trading session, gold had closed at Rs 73,150 per 10 grams. At the same time, the price of silver jumped by Rs 800 to Rs 86,000 per kg. Whereas in the last trading session, silver had closed at Rs 85,200.
Wednesday 15th May
In Delhi, the price of gold increased by Rs 450 to Rs 73,400 per 10 grams, whereas in the last trading session, gold had closed at Rs 72,950. At the same time, the price of silver also jumped by Rs 900 to Rs 86,900 per kg, whereas in the last trading session, silver had closed at Rs 86,000.
Thursday 16th May
Silver prices rose for the third consecutive session. The price of silver in Delhi increased by Rs 1,800 to a new level. The price of silver broke all records till now and reached the level of Rs 88,700 per kg. Whereas during the last trading session it had closed at Rs 86,900 per kg. At the same time, the price of gold increased by Rs 650 to Rs 74,050 per 10 grams. Whereas in the last trading session it had closed at Rs 73,400 per 10 grams.
