On the lines of the international market, there is no clear trend in the price of gold in the Indian market. Gold and silver are not able to get much up since last few days.
Slight rise in gold and silver, know where prices have reached today
On the lines of the international market, on Wednesday, gold and silver struggled to rise in the domestic market. Gold in MCX registered an increase of only 0.05 per cent and it rose by only Rs 25 to Rs 46,821 per ten grams. Silver increased by just Rs 250 and reached Rs 69,591 per kg.
Gold increased in Delhi market
In fact, there is confusion about the policy decisions in the US economy, so gold and silver prices are not getting any special direction. This is the reason why there is no clear trend in gold and silver in the domestic market. On Wednesday, the gold spot in Ahmedabad bullion market sold at Rs 46,724 per ten grams, while the price of gold future was Rs 46,810 per ten grams.
On Tuesday, gold prices rose by Rs 337 to Rs 46,372 per ten grams in the spot market in Delhi, while silver gained Rs 1,149 and sold at Rs 69,667 per kg. The demand for gold in the Indian market is continuously increasing. But on the lines of international market, its prices are not increasing much here right now. Gold demand may increase further in the coming days.
Trend in international market is not clear
In the global market, gold climbed 0.2 percent to $ 1809.17 an ounce. On Tuesday it had reached $ 1815.63 an ounce. US Gold Future has risen 0.1 percent to $ 1807.30. Holding of SPDR, the world’s largest gold ETF, declined by 0.4 per cent to 1110.44 tonnes. At the same time, the price of silver has increased to $ 27.73 an ounce.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.