Gold-Silver prices: On Thursday, there was a slight rise in the prices of gold of 99.9 percent purity in Delhi bullion market. However, the price of silver increased by Rs 1,554 per kg. The international market also recorded a rise in prices.
After a sharp decline in yellow metal on the previous day, today Thursday's new rates have arrived. Earlier on Wednesday, a big drop in gold prices was recorded in Delhi and Mumbai. However, there was no significant increase in the price of gold in the international market on Thursday.
On the other hand, there was a big jump in silver prices today. On Thursday, the price of both precious metals in the Delhi bullion market was impacted by the international market price.
Talking about silver, the effect of good business in the international market on Thursday was also seen in the Delhi bullion market. On Thursday, the price of silver per kg rose by Rs 1,554 to Rs 68,349. Earlier on Wednesday, the price of silver was Rs 66,795 per kg.
On Thursday, the price of gold of 99.9 percent purity in Delhi bullion market was marginally higher at Rs 11 per 10 grams. After this, the new price of 10 grams of gold has reached Rs 53,132. On Wednesday, after the heavy fall, the price of gold had closed at Rs 53,121 per 10 grams.
The price of both precious metals in the international market was seen today. Today, the new gold price was $ 1,931 an oz. Whereas, silver was at $ 25.88 an oz.
HDFC Securities Senior Analyst (Commodity) Tapan Patel says that the price of gold in the domestic market on Thursday was affected by the international market prices. In the international market, gold was at $ 1,931 an oz. On Wednesday, after the news of the Corona virus vaccine, the market got a positive effect.
Experts say that as the news about the corona vaccine will come. As such, the pressure on gold prices will increase. At present levels, gold prices may fall by 5-8 per cent.