Silver Rate: The decline that continued after the budget now seems to be stopping. There has been a sharp rise in the prices of gold and silver on Friday. Domestic and international demand is being considered responsible for this.
Silver Rate: After Budget 2024, there was a tremendous decline in the prices of gold and silver. Due to this, the enthusiasm of investors to buy gold was increasing. But, now once again this yellow metal has started flying towards the sky. Due to increasing global market and domestic demand, the price of gold has increased by about Rs 1,100. On Friday, the rate of gold has reached Rs 72,450 per 10 grams. It is expected to rise further.
Silver price also increased by Rs 1,400
According to the All India Sarafa Sangh, gold has once again taken the path of rise. In the previous trading session, gold closed at Rs 71,350 per 10 grams. But, on Friday it made a tremendous jump and closed at Rs 72,450 per tola. According to the Sarafa Sangh, the price of silver has also jumped by Rs 1,400 to Rs 82,500 per kg. A day earlier, silver had closed at Rs 81,100 per kg.
Rate rising due to demand from jewelers
In the last trading session in the national capital Delhi, gold of 99.5 percent purity strengthened by Rs 1,100 to Rs 72,100 per 10 grams. It had earlier closed at Rs 71,000 per 10 grams. Traders attributed the rise in gold prices to the demand of local jewelers and the strong trend in the international market.
Gold rates also rose in Comex
Gold went to $ 2,468.90 an ounce in Comex. This is $ 5.60 an ounce higher than Thursday. Experts said that the increase in gold prices has come despite the strong dollar and rising bond yields. The metal also rose despite China’s central bank refraining from buying gold for the third consecutive month. Comex silver declined marginally to $ 27.60 an ounce in the international market.
