Gold Rate: Gold prices decrease, silver also cheaper, know what is the latest price1 min read
Gold Rate: On the last day of the trading week, gold prices have come down again today. There has been a fall in the price of gold for the last two days. At the same time, today the rupee rose 33 paise to close at 73.14 (provisional) against the US dollar, despite the rupee depreciating in the domestic stock market. In the global market, gold remained flat at US $ 1,935 an ounce and silver at US $ 26.71 an ounce. Gold had closed at Rs 51,826 per 10 grams in previous trade. Silver today was down by Rs 738 to Rs 68,371 per kg as compared to Rs 69,109 in the previous trade. On Friday, gold prices fell by Rs 56 to Rs 51,770 per 10 grams in the national capital. Gold prices have come down due to strengthening rupee. The price of silver today decreased by Rs 738 per kg. Gold prices in December rose by Rs 72, ie 0.14 per cent to 51,
In the previous session, the closing price of December contract gold was at Rs 50,993 per ten grams. Talking about the futures market, the decline in gold prices came to an end on Friday. On the Multi Commodity Exchange, gold of October contract was trading at Rs 50,828 per 10 grams at 11:42 am, rising by Rs 86, or 0.17 per cent.
At the time of futures market closing on Thursday, the price of gold delivered in October was Rs 50,724 per 10 grams. HDFC Securities Senior Analyst (commodities) Tapan Patel said, 24 carat gold prices in New Delhi declined marginally by Rs 56.