Gold Rate Today: On Friday, gold prices saw a slight rise in gold prices in the bullion market of the national capital Delhi, while the price of silver was recorded sharply. Investors’ trend remains stronger with a slight rise in gold prices, while the huge fall in silver has shocked. Prices may continue to fluctuate on the basis of global economic data in the coming days.
Gold is expensive by 100 rupees
According to the All India Bullion Association, the price of 10 grams of gold increased by Rs 100 to Rs 98,750 today. At the same time, gold with 99.5% purity also rose by Rs 100 to Rs 98,300 per 10 grams (with all tax). This increase was seen due to strong demand in global markets and increasing concerns about America’s economic policies. Experts say that investors are now moving towards safe investment options, giving the demand for gold.
Silver slipped Rs 2,000
Talking about silver, there was a big decline in its price. Silver fell by Rs 2,000 to Rs 99,200 per kg on Friday. On Thursday, silver was at Rs 1,01,200 per kg.
Effect of global market
Gold spot in the international market increased by 1.08% or $ 35.46 to $ 3,330.23 an ounce. According to Kayanat Chanwala, AVP of Kotak Securities, gold has gained the biggest weekly lead after April due to fiscal concerns in the US. HDFC Securities Expert Soumil Gandhi said that the market is now eyeing the major data released in the US, especially on the sale of new homes, which may affect gold prices.