Gold Rate: According to the information given by the All India Bullion Association (AIBA), gold became expensive in the bullion market due to increased purchases by jewelers amid positive sentiment in the global market. The price of gold has reached its highest level close to 80,000.
Gold became expensive in the bullion market, silver made a huge jump
Gold Rate: There is an important advice for people planning to buy gold on Diwali. That is, if you are thinking of buying gold on Diwali, then do not think. Hurry up and buy whatever you want to buy right now. Otherwise, it will become expensive for you to buy gold again. This is being said because gold is going to cross the price of Rs 80,000 per 10 grams. At the same time, silver is also going to touch the price of Rs 1 lakh per kg. The reason for this is that gold has become expensive by Rs 1,150 per 10 grams on Vijayadashami itself. At the same time, silver has also jumped by Rs 1500 per kg. Now if you wait till Diwali to buy gold, will this deal cost you or not?
Gold becomes costlier by Rs 1,150 in DelhiAccording to the information given by the All India Bullion Association (AIBA), the price of gold in Delhi's bullion market increased by Rs 1,150 to Rs 78,500 per 10 grams on Friday, October 11, 2024, due to increased buying by jewelers amid positive trend in the global market. In this way, the price of gold has reached its highest level of close to 80,000. Earlier on Thursday, 99.9% pure gold closed at Rs 77,350 per 10 grams.
Silver price rises by Rs 1500Not only this, silver also became expensive in Delhi's bullion market. According to AIBA data, the price of silver in Delhi rose by Rs 1,500 to Rs 93,000 per kg. Silver prices rose for the second consecutive day. On Thursday, silver closed at Rs 91,500 per kg. Precious metals traders say that the rise in local demand as well as positive global sentiment has led to a rise in gold and silver prices.
Gold is also expensive in futures tradingThe price of gold in futures trading rose by Rs 507 to Rs 75,804 per 10 grams as speculators bought fresh deals amid strong spot demand. On the Multi Commodity Exchange (MCX), the price of the contract for delivery in December rose by Rs 507 or 0.67% to Rs 75,804 per 10 grams. 14,256 lots were traded in it. Globally, gold rose by 0.54% to $2,643 an ounce in New York.
Silver price increased in futures marketSilver prices in futures trade rose by Rs 496 to Rs 90,800 per kg as traders increased the size of their deals amid strong spot demand. The price of silver contracts for delivery in December on MCX rose by Rs 496, or 0.55%, to Rs 90,800 per kg. 27,824 lots were traded in it. Globally, silver prices in New York rose by 0.05% to $31.17 per ounce.
