News Analysis India

Tag: Gold-silver

  • Gold and silver prices fall again, gold becomes cheaper by Rs 70

    After two days of boom in bullion markets, gold and silver prices are once again falling. On Friday, the spot price of 24 carat gold in the bullion markets across the country became cheaper by Rs 70 per 10 grams and opened at Rs 49362. 22-carat gold has fallen by Rs 64 to 45216.

    At the same time, the price of silver also softened by Rs 260 and opened at Rs 62858 per kg. February delivery gold on MCX closed at Rs 49302 per 10 gram in the previous session and opened up by Rs 113 to Rs 49415 on Friday.

    But as the day progressed, it started declining. At 10:30 in the morning, it was trading at Rs 49273, falling by Rs 29. During this time it touched a low of Rs 49258 and a high of Rs 49415. However, gold for April delivery was up by Rs 169.

  • Price drop of precious metals on auspicious day of purchase

    Gold and silver prices fell on auspicious day. Gold was cheaper by Rs 200 compared to Wednesday at Rs 52200 per ten grams (standard) and silver at Rs 64000 per kg. Bullion experts say that this is a very good shopping opportunity. People should take advantage of this. Right now the prices are also low with the new collection of jewelry. In comparison to August, gold has become cheaper by Rs 6000 and silver by Rs 12000.

    Bullion experts say that gold loan companies are also making new marketing policies these days. As the prices of gold and silver declined, the crowd of consumers also increased in the market. Apart from giving special discounts to customers, gifts are also being given in the institutes. New collections of jewelry are available according to festival and wedding season. Bullion traders in the market are also offering many attractive offers to customers on branded jewelery. The excitement of buying gold and silver ornaments on the day of Dhanteras festival has increased among the people due to the low price of precious metals.

  • Gold Silver Price: Gold-silver price rises again, know how much price

    Gold and silver prices rose in Indian markets today after a fall in the previous session. October futures on MCX jumped 0.3 per cent to 51,071 per 10 grams, while silver futures rose 0.7 per cent to Rs 65,673 per kg. Gold had slipped by Rs 900 per 10 grams in the previous session, while silver had fallen by Rs 2,500 per kg. Gold prices in India have been volatile since reaching a high of Rs 56,200 on August 7.

    Talking about global prices in global markets, after the sharp fall in gold prices in the previous session, its price remained stable today. Spot gold had fallen more than one percent in the previous session, while today it rose 0.1 percent to $ 1,929.94 an ounce. Among other precious metals, silver fell to $ 27.01 an ounce and platinum fell 0.7 percent to $ 922.07.US Fed chief Jerome Powell on Thursday outlined an approach to establishing US monetary policy, which boosted the US bond yield. 

    However, concerns over the economic cost of the corona virus supported gold prices. The number of Americans filing new claims for unemployment benefits increased to about 1 million last week.

    The sixth series of Sovereign Gold Bonds will open in India on August 31. The issue price of the bond is determined on the basis of the average closing price of 999 purity gold. The India Bullion and Jewelers Association Limited decides this based on the price of the last three days of the week. Sovereign gold bonds are issued by the Reserve Bank of India on behalf of the Government of India.