Thursday, February 22nd, 2024

There has been a reversal in the prices of gold and silver, now you will have to spend this much for every 10 gold

Photo:REUTERS In futures trade on Thursday, the price of gold rose by Rs 18 to Rs 62,458 per 10 grams.

Amid the rise in the prices of precious metals in the global market, a rise of Rs 100 was recorded in the price of gold in Delhi bullion market on Thursday and the price reached Rs 62,950 per 10 grams. According to language news, HDFC Securities gave this information. At the end of the last trading session, the price of gold was Rs 62,850 per 10 grams. However, the price of silver fell by Rs 800 to Rs 77,300 per kg. In the previous trading session, the closing price of silver was Rs 78,100 per kg.

Gold prices rise due to fall in dollar

According to the news, Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities, said that gold prices gained momentum due to decline in the dollar after weaker than expected US macroeconomic data, which pointed to slower US growth and soft labor market. Is. He said recent macroeconomic data has increased market expectations that the Federal Reserve will reduce interest rates in March 2024.

rise in gold futures prices

Gold prices rose by Rs 18 to Rs 62,458 per 10 grams in futures trade on Thursday as speculators bought fresh deals amid strong spot demand. On Multi Commodity Exchange (MCX), the price of contract for supply in the month of February 2023 increased by Rs 18, or 0.03 percent, to Rs 62,458 per 10 grams. 16,650 lots were traded in this. Market analysts said buying of fresh deals by traders led to the rise in gold futures prices. Globally, gold rose 0.08 percent to $ 2,046.20 an ounce in New York.

Silver futures prices fall

Silver prices fell by Rs 191 to Rs 74,640 per kg in futures trade as traders reduced the size of their deals amid weak spot demand. On the Multi Commodity Exchange, the price of silver for delivery in March 2023 fell by Rs 191, or 0.26 percent, to Rs 74,640 per kg. 14,498 lots were traded in this. Globally, silver fell 0.28 percent to $24.16 an ounce in New York.

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