If you too were thinking of buying gold jewelery for marriage, then today you have a great opportunity. For the past several days, a big decline has been registered in the prices of gold and silver, which are seen riding on the chariot of speed. Along with India, there has been a decline in the price of gold in the international market as well. The US market was trading lower at $1,752.5 an ounce while silver was down at $21.30 an ounce.
How much is gold in india
According to HDFC Securities, gold lost its sheen by Rs 270 to Rs 52,837 per 10 grams in the Delhi bullion market on Friday amid a weak global trend. In the previous trade, the price of gold had closed at Rs 53,107 per 10 grams. Apart from this, silver also fell by Rs 705 to close at Rs 61,875 per kg.
What the experts say
Dilip Parmar, Research Analyst, HDFC Securities, said, “A stronger rupee and risk appetite by investors influenced domestic gold prices.” There has been an increase of eight percent. In the international market, gold was trading lower at $1,752.5 an ounce while silver was down at $21.30 an ounce.
Rupee up 8 paise to close at 81.62 per dollar
The rupee on Friday appreciated by eight paise to close at 81.62 (provisional) against the American currency at the interbank foreign exchange market. According to forex traders, strength in domestic equity markets and buying by foreign investors supported the local currency.
The rupee opened at 81.69 at the Interbank Foreign Exchange market. It touched a high of 81.44 and a low of 81.71 during the day. The rupee finally closed at 81.62 per dollar, up by 8 paise. The rupee had gained 23 paise to close at 81.70 per dollar on Thursday against the American currency.