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Thursday, January 20, 2022

Gold Price Today: Gold buoyed by weakness in rupee, learn new price quickly

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Gold / Silver Rate: On Wednesday, there was a strong jump in the gold price in Delhi Bullion Market. The price of 10 grams of gold has increased by 587 rupees.

Today’s gold and silver price

Gold and silver (Gold-Silver Rate) prices continue to rise. Gold and silver became expensive in the domestic market due to the weakness in the rupee. On Wednesday, there was a strong jump in the gold price in the Delhi bullion market. The price of 10 grams of gold has increased by 587 rupees. Silver gained pace like gold. The price of one kilogram of silver (Silver Price) increased by 682 rupees. According to HDFC Securities, gold has been supported by weakness in the rupee.

New Gold Price (Gold Price on 7 April 2021): On Wednesday, the price of gold in Delhi bullion market rose by Rs 587 to Rs 45,768 per 10 grams. In the previous trading session, 10 grams of gold had closed at Rs 45,181.

New Silver Price (Silver Price on 7 April 2021): In Delhi Bullion market, the price of one kilogram of silver rose by Rs 682 to Rs 65,468. Silver had closed at Rs 64,786 per kg in the previous trading session.

Gold and silver price in international market

However, in the international market, gold softened, while silver remained sluggish. In the international market, gold was at $ 1,739 an ounce and silver was flat at $ 25.04 an ounce.

Explain that on Wednesday, the rupee fell 24 paise to 73.66 rupees per dollar against the US dollar.

Why did gold accelerate?

According to Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, gold traded marginally lower at $ 1,739 an ounce on COMEX (New York based Commodity Exchange) on Wednesday.

Gold and silver price in futures market

The futures market also returned sharply after initial weakness in gold and silver. June futures gold price at MCX at 4.30 pm is trading at Rs 46,278 per 10 grams with an increase of 0.78 per cent i.e. Rs 359.

At the same time, silver has jumped 38 per cent or Rs 252 per kg. The price of silver was Rs 66,149.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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