Gold Rate Today: On Monday, the price of silver rose by Rs 300 to Rs 1,32,300 per kg in Delhi’s bullion market. This is the highest level ever. It closed at Rs 1,32,000 on Friday. The ever -increasing prices of silver are showing investors’ increasing interest and increasing demand for its industrial use.
Gold declines, broken four days lead
Gold came down from its record level. Gold with standard 99.9% purity fell by Rs 500 to Rs 1,13,300 per 10 grams on Monday. On Friday, it rose by Rs 700 to a record level of Rs 1,13,800 per 10 grams. Similarly, gold with 99.5% purity also fell by Rs 500 to Rs 1,12,800 per 10 grams.
Silver climbed 47% in a year
This year, silver prices have gained tremendous rise. On 31 December 2024, silver was Rs 89,700 per kg, while now it has gone up to Rs 1,32,300. That is, silver has increased by Rs 42,600 or about 47.5% this year.
Investors’ eye on Fed meeting
According to experts, investors are monitoring the meeting of the US Federal Reserve. The meeting will be held on 16 and 17 September, in which policy decisions will be taken. Because of this, gold was seen to decline on Monday, because traders are alert to avoid new purchases.
In the international market, gold was trading with a slight gains at $ 3,645 an ounce, while silver was spoken at $ 42.20 an ounce. Experts say stress in West Asia and NATO’s role in Europe gives risk premium to gold. Also, this week, the policy meetings of Bank of England and Bank of Japan and US retail cells and industrial production data will also affect the bullion market.