After the futures market, the bullion market of Delhi showed its color and reached a record high. On the day of Holi, there was an increase of 600 rupees in the price of gold. On the other hand, there has been an increase of Rs 1,000 in the price of silver. Due to which the price of silver has once again crossed one lakh rupees. According to experts, inflation figures in America and India have been seen very well. On the other hand, Jio is not taking the name of low political tension. Due to which the demand for gold is increasing. In such a situation, there is a rise in the prices of gold. Let us also tell you how many gold and silver prices are being seen in Delhi.
On Thursday, the price of gold rose by Rs 600 to an all -time high of Rs 89,450 per 10 grams in the bullion market of the national capital Delhi amidst a strong trend in global markets. Local traders have given this information. On Wednesday, gold with 99.9 per cent purity closed at Rs 88,850 per 10 grams. Gold with 99.5 percent purity rose by Rs 600 to Rs 89,050 per 10 grams reached again. Earlier it was closed at Rs 88,450 per 10 grams. On 20 February, gold price of 99.9 per cent and 99.5 per cent purity rose by Rs 50 to Rs 89,450 and Rs 89,050 per 10 grams. The price of silver also rose by Rs 1,000 to about five months high level to Rs 1,01,200 per kg. It was closed at Rs 1,00,200 per kg in the last trading session. On the global front, the spot gold rose 11.67 to $ 2,946.44 an ounce.
Senior Analyst (Commodity) in HDFC Securities, Soumil Gandhi said that due to the demand for safer-investment and softened American consumer inflation figures (causing a case of monetary softening by the Federal Reserve this year), gold was strengthened to record height in the international market market and reached a new record in the domestic market. Gandhi said that traders have now monitored American macro economic figures, which include weekly unemployed claims and PPI/core PPI (manufacturer price index), so that more signs about overall inflation figures can be obtained.
