Gold Silver Price Today: Bounceback was seen in gold and silver prices on Thursday. In New Delhi, the price of gold increased by Rs 3000 per 10 grams, on the other hand, the price of silver also increased by Rs 5000.
Gold Silver Price Today: Gold and silver prices saw a bounceback on Thursday. In New Delhi, the price of gold increased by Rs 3000 per 10 grams, on the other hand, the price of silver also increased by Rs 5000. Market experts believe that after the economic data came out in the US, the volume of buying in the global market has increased, and this has also seen an impact in the Indian jewelery market.
After registering a decline for two consecutive days, pure gold rose by Rs 3,000 to Rs 1,47,500 in Delhi today. Today, the price of silver has increased by Rs 5,000 to Rs 2,40,000 per kg. Silver has seen a strong position amid industrial demand and investor buying.
What do experts say about this increase?
US Federal Reserve Chairman Kevin Warsh is less dovish in market expectations, according to experts. Due to this, the possibility of an increase in interest rate soon is weak and the trend of investors is again increasing towards gold.
Meanwhile, the price of gold and silver rose in Ahmedabad. At Ahmedabad, the price of silver rose by Rs 5,000 to Rs 2,30,000 per kilo. While the price of pure gold rose by Rs 2,500 to Rs 1,47,500 per 10 grams and standard gold rose by Rs 2,500 to Rs 1,47,200.
The price of gold in the world market is witnessing a huge rise. At the time of writing this report, gold prices rose by $58 or 1.43 percent to $4,126.4 per ounce. While the price of silver increased by 1.04 dollars or 1.65 percent to 61.01 dollars.
