Gold Rate Today: The price of gold in the bullion market of Delhi has gained a huge jump on Monday amidst a rapid trend in global markets. While the price of silver saw a decline. At the same time, the prices of both gold and silver were recorded in Indore.
Gold shine increased in Delhi bullion market
According to the All India Bullion Association, gold with 99.9 percent purity in Delhi rose by Rs 550 to Rs 97,350 per 10 grams. It closed at Rs 96,800 per 10 grams in the last trading session. Similarly, gold with 99.5 percent purity also increased by Rs 550 to Rs 96,900 per 10 grams.
However, there was a decline in silver prices. Silver slipped by Rs 400 to Rs 96,700 per kg in Delhi. It closed at Rs 97,100 per kg on Friday.
Gold and silver in Indore boom
On Monday, the price of gold rose by Rs 1,150 per 10 grams in the local bullion market of Indore and it reached Rs 97,200 per 10 grams. At the same time, silver rose Rs 1,100 to Rs 96,300 per kg. Silver coin was recorded at Rs 1,150 per piece.
Impact of international markets
Gold in international markets rose by $ 46.34 to $ 3,286.83 an ounce. Kayanat Chanwala, AVP (Jens Research) of Kotak Securities, said that gold prices have risen due to weakness in dollars before the two -day FOMC meeting of the US Federal Reserve starting on Tuesday. Meanwhile, the international spot price of silver rose 1.24% to $ 32.41 an ounce.
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