- Increased demand for gold, rise in spot and future prices
- Gold has become cheaper by 12,000 rupees at 10 grams in 7 months
- The last record high was in August 2020
Gold Prices: The demand for gold, which is running at a record low for the last seven-eight months, has increased, with which the price is showing an impact. In the last seven months, the spot demand for gold, which has become cheap by Rs 12,000 per 10 grams, has increased, behind which Tyhore and the wedding season is to begin. In such a situation, prices are seen to be increasing.
On Monday, gold prices saw a surge in trading. On Monday, gold prices rose by Rs 61 to Rs 44,364 per 10 grams in Delhi Bullion Market. HDFC Securities gave this information. In the previous trading session, gold had closed at Rs 44,303 per 10 grams. Silver improved by Rs 162 to Rs 66,338 per kg. The previous closing price of silver was Rs 66,176 per kg.
Today, if you look at the rate of India Bullion and Jewelers Association Limited ie IBJA, then the price of gold is something like this (These prices are stated per gram without GST charge).
24 carat – 4,483
22 carat – 4,330
18 carat- 3,586
14 carat – 2,981
As the dollar weakened in foreign markets, the rupee improved by 33 paise to 72.46 rupees against the US currency in the foreign currency exchange market. In the international market, gold declined marginally to $ 1,726 an ounce, while silver remained almost unchanged at $ 25.95 an ounce.
Due to strong spot demand, speculators bought fresh deals, due to which gold rose by Rs 44 to Rs 44,794 per 10 grams in futures trade on Monday. On the Multi Commodity Exchange, the price of gold futures delivered in April rose by Rs 44, or 0.1 per cent, to Rs 44,794 per 10 grams. It traded for 10,231 lots. Market analysts said that fresh buying by traders led to rise in gold futures prices.
(With input from language)