Gold and silver prices at record high level for the second consecutive day in Delhi
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New Delhi. Following a strong global trend, gold and silver prices continued to hit records for the second consecutive day in the bullion market of the national capital on Tuesday and the prices of both the precious metals reached new all-time highs. HDFC Securities gave this information. In the national capital, gold price rose by Rs 140 to a new high of Rs 71,840 per 10 grams. On Monday, gold had closed at Rs 71,700 per 10 grams.
The price of silver also jumped by Rs 500 to reach a new record high of Rs 84,500 per kg, whereas on Monday, silver had crossed the level of Rs 84,000 for the first time. HDFC Securities Research Analyst Saumil Gandhi said, “Taking cues from the firm trend in overseas markets, the spot price of 24 carat gold in Delhi markets was trading at a new record high of Rs 71,840 per 10 grams, which was above the previous close.” There is an increase of Rs 140 from the price.
In the foreign market Comex, spot gold was trading at $ 2,350 an ounce, which is $ 14 more than the previous closing price. Gandhi said traders continued to ride the momentum, pushing gold prices to new highs on a daily basis. Additionally, the dollar index is trading lower and US bond yields have declined, providing additional support for safe-haven assets.
Additionally, silver prices also increased and traded at $ 28.04 an ounce. In the last trade it had closed at $ 27.80 an ounce. Gandhi said, “The upcoming US Consumer Price Index (CPI) data is expected to have a significant impact on gold prices. Prices are already at high levels. Profit-booking may start after these data, which may lead to a decline.” In futures trade, gold on MCX reached an all-time high of Rs 71,739 per 10 grams in the day’s trade.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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