Gold And Silver Rate Today: The price of gold has increased by Rs 2,235 per gram in the bullion market of the national capital Delhi in three days. Due to which the price of gold has crossed from 55 thousand rupees to 57 thousand rupees.
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Gold And Silver Rate: Amidst the strong trend in the prices of precious metals in the international market, bullion market in the national capital Delhi gold prices There has been an increase of Rs 2,235 per gram in three days. Due to which the price of gold has crossed from 55 thousand rupees to 57 thousand rupees. In fact, due to the increase in the price of gold in foreign markets, there is a boom in the local markets as well. On the other hand, after the Silicon Valley Bank Crisis, the US Fed may end the hawkish trend in interest rates, due to which the dollar index has seen a decline. The effect of which is being seen in the price of gold.
Gold prices rise for the third consecutive day
According to the information given by HDFC Securities, the price of gold rose by Rs 480 to Rs 57,380 per 10 grams in Delhi’s bullion market on Tuesday. In the last trading session, gold had closed at Rs 56,900 per 10 grams. A rise of more than Rs 900 was seen in the price of gold on Monday. On the other hand, the price of silver also increased by Rs 2,150 to close at Rs 66,900 per kg. HDFC Securities Senior Analyst Saumil Gandhi said that the spot price of gold in the Delhi market rose by Rs 480 to Rs 57,380 per 10 grams.
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Gold rose Rs 2,355 in three days
Including today, gold has become costlier by Rs 2,355 in Delhi bullion market in three trading days. Today, a rise of Rs 480 has been seen in the price of gold. Whereas on Monday, an increase of Rs 970 was seen in the price of gold. On the other hand, on March 10, a rise of more than Rs 400 was seen and the price reached Rs 55,540. On March 9, gold prices had closed at Rs 55,145 with a fall. Since then, there is a continuous increase in it.
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Gold price in Indian futures market
The Indian futures market is trading with a fall in gold prices on MCX. According to the data, gold was trading at Rs 57,507 with a fall of Rs 135 at 5.20 pm. Whereas today gold opened at Rs 57,483 and reached the day’s low with Rs 57,355. On the other hand, silver is trading at Rs 66,358 with a fall of Rs 294. In the international market, gold rose sharply to $1,909 an ounce, while silver held firm at $20.80 an ounce.
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Prices increased due to collapse of two banks
Navneet Damani, senior vice-president, research, Motilal Oswal Financial Services, said gold prices neared $1,900 on expectations that the Federal Reserve will take a less aggressive stance on interest rate hikes after the faltering of two US regional banks. remains around the critical level. Which is expected to reach $ 1,950 in the coming days.