For the last four days, there has been a break today on the rise in the price of gold and silver. Today, both gold and silver opened with a fall in bullion markets across the country. The silver rate was seen to fall by Rs 839 per kg this morning and later fell by Rs 667 to close at Rs 65424 per kg. On Friday, bullion markets 24-carat gold rose by Rs 172 to Rs 51304 against Thursday's closing price of Rs 51476 per 10 grams. In the evening, its price improved and fell by just Rs 35 per 10 grams to close at Rs 51441. At the same time, the brightness of gold and silver in the futures market also faded today.
After a four-day rally, prices of gold in the bullion market fell 99.9 percent on Friday to below Rs 52500 per ten grams. In the previous trade, gold had closed at Rs 52,643 per 10 grams, while one kilogram fell to Rs 990 in silver. Silver also lost Rs 990 to Rs 69,441 per kg in previous trade, against Rs 70,431 per kg. On the other hand, on Friday, gold price improved by Rs 25 per 10 grams in Indore Sarafa Bazar. In spot trade, gold sold 51,200 in higher, Rs. 51,075 per 10 grams in lower and silver in high and 62,200 in lower and Rs. 61,900 per kg.
According to the India Bullion and Jewelers Association website (ibjarates.com) on 12 September 2020, the gold and silver spot prices across the country were as follows…
September 12 Final Rate
|Metal||Rate of 12 September (Rs / 10g)||10 September rate (Rs / 10g)||Rate change (Rs / 10g)|
|Gold 999 (24 carat)||51441||51476||-35|
|Gold 995 (23 carat)||51235||51270||-35|
|Gold 916 (22 carat)||47120||47152||-32|
|Gold 750 (18 carat)||38581||38607||-26|
|Gold 585 (14 carat)||30093||30113||-20|
|Silver 999||65424 Rs/Kg||66091 Rs/Kg||-667 Rs/Kg|