Gold And Silver Prices Today: Domestic Markets Witness Drop In Cost, Know Latest Rates

Gold and Silver Price Today: Gold has become cheaper by Rs 208 per 10 grams on Thursday in the Delhi bullion market and a fall of Rs 1143 per kg has been recorded in the price of silver.

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Gold And Silver Price Today: In line with the decline of global markets, gold has become cheaper by Rs 208 per 10 grams in the Delhi bullion market on Thursday. a fall of Rs 1143 per kg has been recorded in the price of silver. If you are thinking of buying gold and silver, then know the latest prices.

What are today's prices?

According to the price released by the India Bullion and Jewelers Association, the price of 24 carat gold of 999 purity in the Indian market is Rs 47,815 per 10 grams. Whereas the price of silver of 999 purity is Rs 68 thousand 285 per kg.

Gold prices rise internationally

HDFC Securities Senior Analyst (Commodities) Tapan Patel said international gold prices edged higher, keeping short-term resistance above $1,800 an ounce. He said concerns over economic growth on a weaker dollar and higher oil prices boosted gold buying for the day.

Gold demand less likely to return to normal levels.

Gold prices have been at their lowest in the last three decades, leading to a boom in gold buying in India. According to a Reuters news report, local dealers have warned that the demand for gold is unlikely to return to normal levels anytime soon. The Covid-19 pandemic has led to reduced sales in most of the jewelry stores in the country.

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