Due to increase in gold prices in the global market, the prices of gold in the domestic market have also increased. On Thursday, gold price of 99.9 percent purity in Delhi bullion market has increased by Rs 287 per ten grams. At the same time, silver prices rose by Rs 875.
However, experts are not considering this fast as sustainable. They believe that there is a possibility of a sharp sell in gold from the current level. Gold can come down to $ 1900 an ounce on Comax. That is why Indian businessmen are predicting a fall in gold.
For the fourth consecutive day in the Delhi bullion market, gold prices have seen a rise. The price of 10 grams of gold with 99.9 percent has risen from Rs 52,104 to Rs 52,391. During this period, prices have gone up by Rs 287 per ten grams.
Silver prices also rose on the fourth day. On Thursday, the price of one kilogram of silver in Delhi bullion market rose from Rs 69,075 per ten gram to Rs 69,950 per ten gram. During this period, prices have increased by Rs 875.