New Delhi Domestic gold spot price recorded an increase on Tuesday. According to HDFC Securities, the spot price of gold in the national capital on Tuesday increased by Rs 422 per 10 grams. With this fast, the price of gold in Delhi has now gone up to Rs 53,019 per 10 grams. According to securities, the fall in the Indian rupee and positive global trend led to the rise in the price of gold on Tuesday. Significantly, in the previous session, gold had closed at Rs 52,597 per 10 grams.
At the same time, silver rose sharply in the domestic bull market on Tuesday. Silver rose by Rs 1,013 per kg on Tuesday. The rise brought the price of silver to Rs 70,743 per kg. Significantly, silver had closed at Rs 69,730 per kg in the previous session.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that the 24-carat gold spot in Delhi also recorded a rise of Rs 422 on Tuesday due to the fall in the rupee and the rise in the international market. The Indian rupee weakened by 16 paise to close at 73.64 (provisional) on Tuesday.
Talking about the international market, gold appeared to trend at $ 1963 an ounce on Tuesday. At the same time, silver appeared to be trending at $ 27.31 an ounce.
Patel said, “Gold rose on Tuesday due to a major fall in the dollar ahead of the US Federal Open Market Committee meeting.” Gold is seen buying due to concerns related to economic growth due to increase in cases of corona virus infection worldwide.