Gold and Silver Rate in India Today: Gold price rose by Rs 30 and recorded at Rs 30,650 per 10 gram in Delhi Sarafa Bazar on the positive note by buying a positive global trend and local jewelry traders. Silver also advanced by Rs 50 and led to Rs 37,850 per kg on rising offtake by industrial units and coin makers. Traders said gold prices rose sharply mainly due to the strong trend of the overseas markets for the ongoing festive season, with sporadic buying of local jewelers. The cost of Gold 99.9 percent and 99.5 percent purity rose to 30-30 rupees, respectively. It means Rs 30,650 and Rs 30,500 per ten grams for these respective. However, Gold had fallen down 30 rupees in Thursday’s trade.
At the same time, prices of Guinness of 8 grams remained steady at Rs 24,500 per eight gram. On the pattern of gold, the silver spot also improved by Rs 50 and reached the mark of Rs 37,850 per kg. However, weekly-delivery fell by Rs 130 and fell to Rs 36,620 per kilogram. Silver coins, however, continued to be bullish at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.
Globally, gold in Singapore rose by 0.30 percent and touched the feat of $ 1,188.10 an ounce, and silver by 0.8percentnt to $ 14.57 an ounce. Dollar strengthens in the face of US increased or Put another charge and interest rates on China’s products.
Gold and Silver Rates Today in Top-4 Metropolitan Cities
Gold and Silver (1 kg)
- Delhi 30,470 37,800
- Mumbai 29,570 36,700
- Kolkata 28,490 36,900
- Chennai 28,260 39,800
The highest price of gold is in Delhi. The highest price of silver is in Chennai. There is a huge different in the Price of Silver in Chennai and Mumbai.
Why it’s raising?
Jewelry businessmen said that to meet the demand for the upcoming festival season, the need of local jewelery traders and a strong trend in the precious metal globally, are rising the gold prices.