Delhi bullion market on the back of signs of a huge rise in global markets

Earlier, the price per 10 grams of gold was Rs 54816. HDFC Securities Senior Analyst (Commodities) Tapan Patel said that due to the rise in the international market, the price of 24-carat gold in Delhi rose by Rs 1365 per 10 grams.  On Wednesday, gold rose sharply by Rs 1,365 to Rs 56,181 per 10 grams in the Delhi bullion market on the back of signs of a huge rise in global markets. HDFC Securities gave this information.

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Silver also closed at Rs 72,726 per kg with a huge jump of Rs 5,972, which had closed at Rs 66,754 on Tuesday. The closing price of gold was Rs 54,816 per 10 grams on Tuesday. In the international market, gold rose sharply to $ 2,032 an ounce, while silver rose to $ 26.40 an ounce.

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Kishore Narne, head of the commodity and foreign exchange division of Motilal Oswal Financial Services, said, “Gold and silver are the highest-yielding assets so far this year. Of these, 40 percent have been given 50 percent profit this year respectively. 

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Patel said, the price of gold has reached a new high due to concerns about the economic growth rate due to the weakening of the dollar and rising cases of Kovid-19.

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