Positivity has been seen in the bullion market in the last few days. In Delhi's bullion market on Thursday, the price of gold increased by Rs 170 to reach a new record level of Rs 82,900 per 10 grams. All India Bullion Association has given this information. Let us tell you that on Wednesday, gold was at Rs 82,730 per 10 grams. The price of gold has increased by Rs 20,180 i.e. 32.17 percent to Rs 82,900 per 10 grams in about a year. On February 23, 2024, it was at Rs 62,720 per 10 grams.
Gold rose by Rs 170 to an all-time high of Rs 82,500 per 10 grams. In the last trading session it was at Rs 82,330 per 10 grams. In the last seven trading sessions, the prices of gold of 99.9 and 99.5 percent purity have increased by Rs 2,320-2,320. Whereas the price of silver decreased by Rs 500 to Rs 93,500 per kg. On Wednesday it was at Rs 94,000 per kg.
Bullion traders said the rise in prices was due to increasing demand from jewelers and retailers as well as strong trend in international markets. In foreign markets, Comex gold futures fell by $ 13.20 an ounce to $ 2,757.70 an ounce. Saumil Gandhi, Senior Analyst (Commodity), HDFC Securities, said that gold prices remained stable to negative on Thursday due to improvement in the US dollar and bond yields.
According to Augmont's research head Renisha Chainani, gold is moving towards record highs. The bullish momentum is increasing due to the comments of US President Donald Trump. In the Asian market, silver Comex futures fell 1.03 percent to $ 31.10 an ounce. Gold prices have been continuously increasing for the last few days. Gold prices have reached record levels in Delhi. On Thursday, gold became costlier by Rs 170 and now the price of 10 grams of gold has become Rs 82,900.
