If you are thinking to buy gold or silver jewellery, then this news is for you only. Gold and silver prices have registered a rise in the bullion market. There has been a change of Rs 45 in the gold price today as compared to Thursday. After the strengthening of the prices of precious metals in the international market, the price of silver has also increased.
How much are the gold rates today
On Friday, gold rose by Rs 45 to Rs 53,220 per 10 grams in the bullion market of the national capital. In the previous trading session, gold had closed at Rs 53,175 per 10 grams. Silver also spurted by Rs 316 to Rs 61,732 per kg.
Prices increased in the international market as well
In the international market, gold traded higher at $1,766 an ounce while silver remained flat at $21.22 an ounce. Dilip Parmar, Research Analyst, HDFC Securities said, “The rise in gold prices in the international market mainly influenced the prices of the precious metal at the local market.”
Rise in gold futures
Gold futures on Friday rose by Rs 58 to Rs 52,901 per 10 grams on fresh positions created by speculators amid strong demand at the spot market. On the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 58, or 0.11 per cent, at Rs 52,901 per 10 grams. There was a turnover of 5,942 lots. Market analysts said fresh positions created by traders mainly influenced the rise in gold prices at futures. Globally, gold traded higher by 0.09 per cent at USD 1,764.60 an ounce in New York.
Silver futures rise
Silver prices rose by Rs 263 to Rs 61,241 per kg in futures trade on Friday. Silver for delivery in December traded higher by Rs 263, or 0.43 per cent, at Rs 61,241 per kg at the Multi Commodity Exchange. There was a turnover of 12,633 lots. Market analysts said fresh positions created by traders due to rise in the domestic market mainly mainly influenced the rise in silver prices at futures.