Gold, Silver Price: Amid Festive Season, Ups And Downs In Bullion Market Continue

New Delhi, News Nation Bureau | Updated : 12 October 2019, 11:34 AM
In the international market, gold prices stood at USD 1,502 an ounce.
In the international market, gold prices stood at USD 1,502 an ounce. (Photo Credit : Representative Image )

Amid rupee declining against Dollar and an enhanced demand in the festive season, the Gold prices are at around 37, 845 rupees per 10 grams in the national capital. On Friday, it rose to Rs 126 per 10 gram in the NCR region to Rs 39,160 per 10 grams while on Thursday, it closed at Rs 39,034 per 10 grams.   

On Friday, silver prices also jumped Rs 380 to reach Rs 46,900 per kilogram from Rs 46,520 per kilogram in the previous trade, according to the data from HDFC Securities.

In the international market, gold prices stood at USD 1,502 an ounce while silver prices were trading at USD 17.71 per ounce.

"Spot gold prices for 24 karat in Delhi was trading up by Rs 126 as festival demand kicks in and on weaker rupee which fell by around 17 paise against the dollar from the opening levels," HDFC Securities Senior Analyst (Commodities) Tapan Patel had said.

Also Read: Bullion Market Closing: Gold Rises Rs 126 On Weaker Rupee On Account Of Festive Demand

Gold prices traded higher on Friday with COMEX international spot gold prices recovering to USD 1,502 on weaker dollar index and geopolitical risks, he added. 

Last month, the Gold prices hit a record high of 39,885 rupees last month. Gold prices have risen more than 21 per cent so far in 2019.

(Disclaimer: This information is based on external sources and News Nation is not responsible for any difference in the rates)

First Published: Saturday, October 12, 2019 10:59 AM
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