• Silver Future Prices on 16 August 2021

    Silver prices plummeted as September contracts on the MCX fell by 2.7% to Rs.63,238 per kilogram. Silver prices have been dragged down by weak base metals and a dwindling demand outlook.

    16 August 2021

  • Silver price shoots up by Rs.662 in Delhi

    The price of silver recorded a climb of Rs.662 in the national capital on Friday. The increase saw a kilo of the white metal cost Rs.66,111. The rate of the precious metal in the international market however remained flat at $25.33 per ounce.

    Gold price also recorded an increase in Delhi and the global market. The price was up by Rs.256 in the national capital and was trading at Rs.46,698 per 10 grams whereas internationally an ounce of the bullion cost $1,808.

    23 July 2021

  • Silver prices jump marginally in the national capital on 22 July 2021

    Silver prices jumped by Rs.4 in the national capital on 22 July 2021 and were at Rs.65,484 for a kg. In the previous session, the prices of the white metal closed at Rs.65,480 for a kg. In the international markets, the prices of silver traded flat and were at $25.17 for an ounce. Unlike silver, gold prices fell in the national capital on 22 July. Gold prices fell by Rs.264 and were at Rs.46,452 for 10 grams. In the last session, the prices of yellow metal closed at Rs.46,716 for 10 grams.

    22 July 2021

  • Silver price gains Rs.397 on Tuesday

    On Tuesday, the price of silver gained Rs.397 in the national capital. Following the increase, a kilogram of the white metal cost Rs.69,105. The price of the precious metal in the global market remained flat at $26.63 per ounce. Gold price also witnessed an increase in Delhi and 10 grams of the yellow metal cost Rs.46,762 after recording a hike of Rs.389. In the international market, an ounce was trading at $1,806.

    06 July 2021

  • Silver prices in India trending at Rs.67,800 for a kg on 23 June 2021

    On 23 June 2021, silver prices jumped to Rs.67,800 for a kg. In the last session, the prices of the white metal closed at Rs.67,600 for a kg. The prices of 22-carat gold fell to Rs.46,120 for 10 grams. In the last session, the prices of the yellow metal closed at Rs.46,220 for 10 grams. The prices of gold are different in every state. Gold prices depend on the making charges, state taxes, and excise duty. Gold futures prices in the US fell by 0.3% and were at $1,782.70 for an ounce.

    24 June 2021

  • Yellow metal slips marginally, silver nears Rs.73,000

    The price of gold remained steady as the US treasury yield softened. The investors are waiting for key economic US data this week which will surely affect the global price of the yellow metal.

    The prices of gold on MCX dropped 0.05% or Rs.26 at Rs.49,575 per 10 grams. The rate of silver prices grew 0.21% or Rs.150 to Rs.72,828 per kg.

    The spot price of gold was priced at Rs.49,218 while silver was retailing at Rs.71,351 on Wednesday, as per the report by Indian Bullion and Jewellers Association.

    04 June 2021

  • Silver futures prices in India fall on 25 May 2021

    Silver futures prices on MCX fell by 0.5% on 25 May 2021 and were at Rs.71,475 for a kg on 25 May 2021. In the global markets, the prices of the white metal fell by 0.44% and were at $27.60 for an ounce. Like silver, gold prices fell in India as well. Gold futures prices on MCX fell by 0.19% and were at Rs.48,420 for 10 grams. In the international markets, the prices of the yellow metal fell by $0.9 and were at $1,879.30 for an ounce.

    26 May 2021

  • Gold rises Rs.179; silver gains Rs.826

    Prices of gold grew Rs.179 to Rs.47,452 per 10 gram in New Delhi on Monday due to strong buying in the global precious metal. Previously, the yellow metal had closed at Rs.47,273 per 10 gram. Cost of silver also surged Rs.826 to Rs.71,541 per kg, from Rs.70,715 per kg.

    In the international market, gold rose by $1,836 per ounce and silver remained unchanged at $27.65 per ounce.

    11 May 2021

  • Silver rates jump by Rs.580 in the national capital on 3 May 2021

    Silver prices in the national capital jumped by Rs.580 on 3 May 2021 and were at Rs.67.249 for a kg. In the previous session, the prices of the white metal were at Rs.66,849 per kg. The main reason for the increase in prices was the value of the rupee falling. In the global markets, silver rates jumped marginally and were at $26.06 for an ounce. The value of the rupee fell by 24 paise against the dollar and was at Rs.74.33 on 3 May 2021.

    03 May 2021

  • Gold prices decline in the market; silver falls by more than Rs.900

    Gold prices declined by Rs.81 from Rs.47,057 per 10 grams to Rs.46,976 per 10 grams in New Delhi. The fall in price was attributed to the appreciating value of the rupee. Silver prices, as well, reported a decline of Rs.984 from Rs.68,971 per kg in its previous session to Rs.67,987 per kg.

    According to sources, gold and prices declined in the domestic markets due to the appreciation of the rupee. Previously, the value of gold and silver increased due to a weaker U.S. dollar and the rising number of COVID-19 cases in the country.

    In the international market, gold was trading higher at $1,779 per ounce while silver showed a flat trend at $26.02 per ounce.

    27 April 2021

  • Gold prices decline by more than Rs.300; silver prices trade lower

    Gold prices declined by more than Rs.300 to Rs.46,756 per 10 grams in Delhi. The price of the metal dipped by Rs.305 due to a fall in the international price along with the depreciation of the rupee. In the previous session, gold prices had closed at Rs.47,061 per 10 grams.

    Silver prices also dipped by Rs.113 to Rs.67,810 per kg compared to its closing of Rs.67,923 per kg in the previous session.

    In the international market, gold prices were trading lower at $1,768 per ounce and silver prices showed a flat trend at $25.90 per ounce.

    23 April 2021

  • Silver rates jump by Rs.725 for a kg in Delhi on 8 April 2021

    According to HDFC Securities, silver rates in the national capital jumped by Rs.725 on 8 April and were at Rs.66,175 for a kg. In the previous session, the prices of the white metal closed at Rs.66,175 for a kg. In the international markets, silver rates traded flat and were at $25.30 for an ounce. Like silver, gold rates jumped as well in the national capital. Gold prices jumped by Rs.182 for 10 grams and were at Rs.45,975 for 10 grams. In the last session, the prices of the yellow metal closed at Rs.45,793 for 10 grams. In the global markets, gold rates jumped and were trading at $1,744 for an ounce.

    08 April 2021

  • Gold rises Rs.83, silver gains Rs.62

    Prices of gold in New Delhi increased by Rs.83 to Rs.45,049 per 10 gram on Tuesday following due to a rise in rates of international precious metal. Silver also rose Rs.62 to Rs.64,650 per kg.

    In the international market, gold traded at $1,733 per ounce and silver remained flat at $24.97 per ounce.

    07 April 2021

  • Gold and silver prices decline in metro cities

    Gold prices on 23 March saw a marginal decline by Rs.120 due to the international trend of the metal. 24-karat gold was priced at Rs.44,800 per 10 grams compared to its previous price of Rs.44,920 per 10 grams.

    In Delhi, the price of 22-karat gold was Rs.44,200 per 10 grams and 24-karat gold was valued at Rs.48,220 per 10 grams. 24-karat gold in Chennai was valued at Rs.45,950 per 10 grams and Rs.47,210 per 10 grams in Kolkata.

    Silver prices declined by Rs.900 from Rs.66,600 per kg to Rs.67,500 per kg in the market. The value of the white metal was Rs.66,600 per kg in Delhi, Kolkata and Mumbai. In Chennai and Hyderabad, silver was priced at Rs.70,000 per kg.

    In the international market, gold prices declined marginally by 0.30% to $1,7343.10 per ounce

    23 March 2021

  • Silver prices at Rs.66,500 per kg; gold prices increase in the domestic market

    Gold prices increased by Rs.160 to Rs.44,680 per 10 grams in New Delhi while silver prices recorded an incline to Rs.66,500 per kg in the domestic market. In New Delhi, the price of 22-karat gold increased as well to Rs.44,150 per 10 grams and 24-karat gold in Chennai was priced at Rs.46,050 per 10 grams.

    In the international market, gold prices dipped by more than 1% to hit its lowest in 9 months due to a stronger dollar value and positive U.S. Treasury yields.

    Spit gold dipped by 1.1% to $1,681.41 per ounce and gold futures were down by 1.2% at $1,678 per ounce.

    16 March 2021

  • Gold prices rise in Delhi, silver rates show substantial inclines

    Gold futures showed a positive trend on 1 March as the price of the metal increased by Rs.241 to Rs.45,520 per 10 grams in Delhi. This was due to a stronger trend of the metal’s price seen in the international market.

    Silver prices as well increased substantially by Rs.781 to Rs.68,877 per kg compared to its previous closing price of Rs.68,096 per kg.

    On the Multi Commodity Exchange, gold futures were trading higher by 0.19% to Rs.45,825 per 10 grams and silver futures were trading higher by 1.49% to Rs.68,265 per kg.

    In the international market, gold prices were in the green at $1,753 per ounce and silver prices were trading at $26.90 per ounce.

    01 March 2021

  • Yellow Metal Sustains Above ₹ 46,300, Silver Sees Marginal Rise

    As the prices of gold continues to slump, domestic gold futures experienced a volatile trading session again on Thursday, February 25. In New Delhi, prices of gold fell by Rs.358 to Rs.45,959 per 10 grams. Silver prices grew by Rs.151 to Rs.69,159 per kg.

    26 February 2021

  • Prices of gold and silver fall substantially

    On 24 February, the price of gold fell by Rs.148 to settle at Rs.46,307 per 10 grams in New Delhi. This was due to the appreciation of the rupee and the overnight selling in worldwide prices. In the previous trade session, the price of gold was Rs.46,455 per 10 grams. The price of silver also saw a substantial decline of Rs.886 to settle at Rs.68,676 per kilogram. In the previous trade, the price of silver had settled at Rs.69,562 per kilogram.

    25 February 2021

  • Gold prices show a flat trend; silver prices marginally incline

    Gold prices on the Multi Commodity Exchange showed a flat trend at Rs.46,947 per 10 grams after increasing by Rs.700 on 22 February. Silver futures inclined marginally by 0.24% to Rs.70,598 per kg.

    According to sources, gold rates have shown a marginal rise in the international market and had climbed to a one-week high on Tuesday due to a weaker dollar with the rising expectations of a U.S. stimulus. Spot gold increased by 0.2% to $1,812.06 per ounce.

    Spot gold in New Delhi increased by Rs.278 to Rs.46,013 per 10 grams and silver prices rose by Rs.265 to Rs.68,587 per kg.

    24 February 2021

  • Gold and silver rates show an inclining trend due to a weaker U.S. dollar value

    Gold prices and silver rates showed a positive trend in the international and domestic market on 23 February. The price of gold increased from Rs.49,440 per 10 grams to Rs.49,530 per 10 grams. Silver prices as well as increased from Rs.68,587 per kg to Rs.69,200 per kg.

    In New Delhi, 22-karat gold was priced at Rs.45,410 per 10 grams and in Mumbai, its rate was Rs.46,460 per 10 grams.

    In the international market, gold prices were trading lower at $1,774 per ounce and silver prices followed suit and were down at $26.94 per ounce.

    23 February 2021

  • Gold prices decrease while silver prices increase

    In New Delhi, there was a marginal increase in the prices of gold by Rs.9 to settle at Rs.46,900 per 10 grams on 16 February 2021 while previously it had closed at the price of Rs.46,909 per 10 gram. Silver increased by Rs.95 to settle at Rs 69,530 per kg whereas in the previous trade it was Rs.69,435 per kg.

    18 February 2021

  • Marginal decline in gold prices but significant increase in silver prices

    There was a marginal decline in the prices of gold by Rs.9 to settle at Rs.46,900 per 10 gram in New Delhi on 16 February 2021 while silver had a significant increase of Rs.95 to settle at Rs.69,530 per kg. In the international market, gold prices were gaining at $1,821 per ounce while silver prices remained flat at $27.60 per ounce.

    17 February 2021

  • Silver rates fall by Rs.99 in the national capital on 9 February 2021

    Silver rates in Delhi fell by Rs.99 on 9 February 2021 and were at Rs.68,391 for a kg. In the previous session, the prices of the white metal closed at Rs.68,490 per kg. In the global markets, silver prices jumped and were at $27.46 for an ounce. Unlike silver, gold rates increased in the national capital on 9 February 2021. The prices of the yellow metal jumped by Rs.495 and were at Rs.47,559 for 10 grams. In the previous session, gold rates closed at Rs.47,064 per 10 grams. In the global markets, the prices of yellow metal jumped and were at $1,841 for an ounce.

    09 February 2021

  • Gold prices rise after recording declines; silver prices increase by Rs.340

    The price of gold had increased by Rs.94 on 8 February to Rs.46,877 per 10 grams in New Delhi. Gold prices had increased after declining for 5 days as there was a recovery in the international price of the metal. In the previous session, gold had closed at Rs.46,783 per 10 grams.

    Silver prices also followed suit and recorded a rise by Rs.340 to Rs.68,391 per kg compared to its previous closing price of Rs.68,051 per kg.

    In the international market, the value of gold was trading on a positive note at $1,815 per ounce and silver prices were in the green at $27.16 per ounce.

    08 February 2021

  • Gold prices decline; silver plummets substantially

    Gold prices dipped by Rs.480 to Rs.47,702 per 10 grams in Delhi. In the previous session, gold prices had closed at Rs.48,182 per 10 grams. Silver prices had recorded a substantial decline by more than Rs.3,097 to Rs.70,122 per kg. In the previous session, silver prices had closed at Rs.73,219 per kg.

    In the international market, gold prices were trading lower at $1,847 per ounce and silver prices dipped $27.50 per ounce.

    The value of gold dipped due to the lack of the stimulus package in the United States of America.

    07 February 2021

  • Silver futures prices jump in the national capital on 3 February

    Silver futures prices in New Delhi jumped by Rs.1,090 and were at Rs.72,046 for a kg on 3 February 2021. Like silver, gold futures prices also jumped in the national capital. However, the yellow metal gains were limited. Silver prices in New Delhi fell by Rs.3,097 and were at Rs.70,122 for a kg. In the international markets, spot silver prices jumped by 1.4% and were at $26.98 for an ounce. On 1 February, the prices of the white metal hit an eight-year high. However, silver rates declined on 3 February.

    03 February 2021

  • Silver futures prices drop in New Delhi on 2 February 2021

    Silver futures prices fell by Rs.1,620 on 2 February and were at Rs.72,046 for a kg. Silver prices in the national capital jumped by Rs.3,461 and were at Rs.72,470 per kg. In the international markets, the prices of the white metal fell by around 2%. In the previous session, silver prices hit an eight-year high. Spot silver prices fell by 1.5% and were at $28.54 for an ounce. In the previous session, spot silver prices jumped by 7.3% and were at $30.03 for an ounce. Gold futures prices in the national capital also reduced on 2 February.

    02 February 2021

  • Gold prices dip by Rs.231; silver rates fall by more than Rs.200

    The price of gold dipped by Rs.231 to Rs.48,421 per 10 grams in Delhi. In the previous session, the metal had closed at Rs.48,652 per 10 grams. Silver prices had also dipped by Rs.256 to Rs.66,614 per kg in the domestic market compared to its previous close of Rs.65,870 per kg.

    The value of the rupee had appreciated against the U.S. dollar by 8 paise and was at 72.86. In the international market, gold prices were trading flat at $1,850.5 per ounce and silver prices were at $25.41 per ounce.

    28 January 2021

  • Silver rates jump marginally in Delhi on 25 January 2021

    Silver prices jumped by Rs.43 in the national capital on 25 January 2021 and were at Rs.66,019 for a kg. In the previous session, the prices of the white metal were at Rs.65,976 per kg. In the international markets, silver rates were flat and were at $25.55 for an ounce. Unlike silver, gold rates fell in Delhi on 25 January. According to HDFC Securities, the prices of the yellow metal fell by Rs.141 and were at Rs.48,509 for 10 grams. In the international markets, gold rates fell and were at $1,853.26 for an ounce.

    25 January 2021

  • 24-karat gold priced at Rs.49,330 per 10 grams in New Delhi, silver prices trading at Rs.66,700 per kg

    Gold prices in India dipped marginally from Rs.49,340 per 10 grams to Rs.49,330 per 10 grams. In New Delhi, the price of 22-karat gold was Rs.48,090 per 10 grams and in Chennai, was Rs.46,540 per 10 grams. In Mumbai, the price of the metal was Rs.48,330 per 10 grams. In Chennai, the value of 24-karat gold was Rs.50,790 per 10 grams.

    Silver prices were trending at Rs.66,700 per kg. In the international market, gold prices dipped by 1% and spot gold had fallen by 0.8% to $1,855.23 per ounce. U.S. gold futures dipped by 0.5% to $1,856.20 per ounce.

    24 January 2021

  • Silver prices rise by Rs.541; gold rates see a substantial incline as well

    The value of gold increased by Rs.117 to Rs.48,332 per 10 grams in New Delhi on 18 January 2021. The rise in prices was majorly due to a positive trend seen in the international market and rupee depreciation against the U.S. dollar.

    In the previous session, gold had closed at Rs.48,215 per 10 grams. Silver prices as well recorded an incline of Rs.541 to Rs.64,657 per kg compared to its previous closing price of Rs.64,116 per kg.

    In the international market, gold prices were trading positive at $1,834 per ounce and silver prices showed signs of recovery at $25 per ounce.

    18 January 2021

  • Gold prices see a decline by Rs.108; silver prices rise by Rs.144

    Gold prices dropped by Rs.108 to Rs.48,877 per 10 grams in New Delhi as the value of the rupee appreciated against the dollar. In the previous session, the metal had closed at Rs.48,985 per 10 grams.

    Silver prices, however, rose by Rs.144 to Rs.65,351 per kg compared to its previous closing price of Rs.65,207 per kg. The rupee appreciated against the U.S. dollar by 10 paise and settled at 73.15.

    In the international market, gold prices showed a positive trend at $1,857 per ounce and silver prices quoted a flat trend at $25.48 per ounce.

    16 January 2021

  • Gold Price Today at Rs 52,860 per 10 gm, Silver Trending at Rs 63,900 kg

    The price of gold rose Rs.52,860 from Rs.52,850, while silver price was traded at Rs.63,900 per kg.

    In New Delhi, the price of 22-carat gold is at Rs.48,460 per 10 gm, while in Chennai it dropped to Rs.47,010. In Mumbai, the rate was Rs.48,470. The price of 24-carat gold in Chennai was trending at Rs.51,280 per 10 gm.

    13 January 2021

  • Gold prices dip by Rs.714; silver rate sees a decline of Rs.386

    In New Delhi, gold prices declined to Rs.50,335 per gram, dropping by Rs.714 due to a decline in the global price of the metal. In the previous session, gold prices had closed at Rs.51,049 per 10 grams.

    Following suit, silver prices also saw a dip by Rs.386 to Rs.69,708 per kg compared to its previous closing price of Rs.70,094 per kg.

    In the international market, gold prices were trading lower at $1,916 per ounce and silver prices were trading flat at $27.07 per ounce. According to sources, the international trend of the yellow metal was negative due to constant fluctuations in the market and other factors surrounding the tensions in the United States of America.

    11 January 2021

  • Gold price falls, silver rises

    The price of gold in New Delhi dropped by Rs.71 to Rs.51,125 per 10 grams on Wednesday. Previously, the precious metal had ended at Rs.51,196 per 10 grams.

    Silver, however, rose Rs.156 to Rs.70,082 per kg as compared with Rs.69,926 per kg in the previous day.

    In the global market, both gold and silver traded flat at $1,949 per ounce and silver at $27.54 per ounce, respectively.

    06 January 2021

  • Gold prices see a dip; silver prices surge

    The price of gold was trading at a cautious range with investors still assess the impact of the COVID-19 pandemic on the economy during the time of vaccine distribution. On the Multi Commodity Exchange, the price of the metal for February was down marginally by Rs.31 to Rs.50,008 per 10 grams.

    Silver prices, on the other hand, showed a rise of 1% to Rs.68,847 per kg. Gold prices had closed the previous session by Rs.22 and silver prices had declined by Rs.800.

    In the global market, gold prices increased on 30 December by 0.2% to $1,881 per ounce.

    03 January 2021

  • Silver rate increased by more than Rs.1,000; gold prices rise

    Gold prices increased by Rs.185 in New Delhi to Rs.49,757 per 10 grams after a positive trend seen in the international market. The precious metal had previously closed at Rs.49,752 per 10 grams.

    The rate of silver also showed a substantial incline by Rs.1,322 to Rs.68,156 per kg compared to its previous closing price of Rs.66,834 per kg. According to sources, the value of the metals increased due to a fall in the value of the U.S. dollar due to renewed concerns over the mutated strain of COVID-19 affecting people in the United Kingdom and other parts of the world.

    In the international market, gold prices were trading positive at $1,885 per ounce and silver prices were trading higher as well at $26.32 per ounce.

    29 December 2020

  • Rate of silver dips by Rs.216; gold prices decline by Rs.243

    Gold prices dropped by Rs.243 from Rs.49,896 per 10 grams to Rs.49,653 per 10 grams in New Delhi on Tuesday due to a weak trend seen in the international market. Silver prices as well declined by Rs.216 to Rs.67,177 per kg compared to its previous closing at Rs.67,393 per kg.

    In the international market, gold prices were trading at $1,868 per ounce, lower compared to its previous closing price. Silver was trading lower as well at $25.70 per ounce.

    The dip in the metals’ prices was majorly due to a stronger dollar index which increased risk appetite amongst investors.

    25 December 2020

  • Gold prices drop by Rs.243; silver rate declines

    The value of gold decreased to Rs.49,653 per 10 grams, falling by Rs.243 on Tuesday in New Delhi. Gold rates in the previous session closed at Rs.49,896 per 10 grams.

    Silver prices as well declined by Rs.216 to Rs.67,177 per kg compared to its previous closing price of Rs.67,393 per kg. The fall in prices of gold and silver was majorly due to a stronger dollar index in the market, according to sources.

    In the international market, gold prices were trading lower at $1,868 per ounce and silver was priced lower as well at $25.70 per ounce.

    24 December 2020

  • Silver rates jump by Rs.2,249 in Delhi on 21 December 2020

    According to HDFC Securities, the prices of silver in the national capital jumped by Rs.2,2249 on 21 December and were at Rs.69,477 for a kg. In the previous session, the prices of the white metal were at Rs.67,228 per kg. In the international markets, silver rates were at $26.63 for an ounce. Like silver, gold rates increased by Rs.496 and were at Rs.50,297 for 10 grams. The main reasons for the increase in prices were a positive trend in the international markets and the rupee depreciation.

    21 December 2020

  • Marginal incline recorded for gold prices; silver price remains flat

    The price of gold increased marginally for both 22-karat and 24-karat gold by Rs.10. The price of 22-karat gold was priced at Rs.48,260 per 10 grams and the price of 24-karat gold was Rs.49,260 per 10 grams.

    Gold prices in Delhi were trending at Rs.48,170 per 10 grams for 22-karat gold and Rs.52,550 per 10 grams for 24-karat gold. The price of the metal increased by Rs.10 in Chennai as well where 22-karat gold was costing Rs.46,590 per 10 grams and 10 grams of 24-karat gold was at Rs.50,820.

    Silver prices recorded a flat trend at Rs.63,600 per kg in Delhi, Kolkata and Mumbai.

    In the international market, gold prices have dipped by $4.10 and were trading at $1,835.40 per ounce.  

    17 December 2020

  • Silver rates decrease amidst negative global trends

    Gold futures had been fluctuating to a great extent in the country on 10 December as the metal saw a sharp decrease in its prices amidst a weaker global trend. Gold prices dipped by Rs.534 to Rs.48,652 per 10 grams and silver prices also dropped by Rs.628 per kg to Rs.62,711 per kg.

    In the international market, gold prices decreased to $1,835 per ounce and silver prices remained unchanged at $23.84 per ounce.

    In the market, the value of the Indian rupee registered its first loss after it dipped by 9 paise, recording its first loss in 3 days against the dollar. The value of the rupee was at 73.66 against the dollar.

    12 December 2020

  • Silver rates drop on Wednesday

    On Wednesday, the price of silver declined by Rs.875 to cost Rs.63,410 per kilogram. Silver futures for a March 5 delivery were trading at Rs.63,949 after falling by 1.19 percent. In the international market, the white metal was quoted at $24.22 per ounce.

    Domestic gold futures witnessed a highly volatile trading session as the yellow metal declined due to rallying equity markets amid COVID-19 vaccine optimism. Multi Commodity Exchange (MCX) gold futures due for a February 5 delivery were last seen trading at Rs.49,543 after slipping by 1.13 percent. In the national capital, gold prices fell by as much as Rs.118 to cost Rs.49,221 for every 10 grams. In the international market, gold was trading at $1,860 per ounce.

    As per India Bullion and Jewellers Association (IBJA), domestic spot gold closed at Rs.49,689 per 10 grams and silver at Rs.63,392 per kilogram. Both the rates were excluding GST.

    09 December 2020

  • Gold prices rise by Rs.816; silver prices show a substantial rise

    Gold prices in New Delhi increased by Rs.816 to Rs.49,430 per 10 grams on 8 December. The rise in prices was majorly due to a positive trend seen in the international market. Gold had previously closed at Rs.48,614 per 10 grams.

    Silver as well had recorded a substantial incline by Rs.3,063 to Rs.64,361 per kg compared to its previous closing price of Rs.61,298 per kg. In the international market, gold was trading positive at $1,864 per ounce and silver was trading at $24.52 per ounce.

    According to sources, gold prices increased due to the rising COVID-19 cases in the United States of America and its effect on the economy.

    08 December 2020

  • Gold prices increase by Rs.481 per 10 gram In Delhi with a surge in silver prices too

    The prices of gold and silver increased for the third consecutive day. The price of gold was Rs.48,887 per 10 grams, an increase of Rs.481, in New Delhi on 3 December. Silver prices increased to Rs.63,502 per kilogram which was an increase of Rs.555. On the Multi Commodity Exchange (MCX) gold futures traded 1.12% higher settling at Rs.49,189. Silver increased by 1.36% more to settle at Rs.63,000. In the international market, gold rates increased to $1,841 per ounce while silver rates remained the same at $24.16 per ounce.

    04 December 2020

  • Gold priced at Rs.51,320 per 10 gm while silver priced at Rs.60,200 per kg

    In New Delhi, the price of 22-carat gold increased to Rs.47,050 per 10 gm but prices decreased in Chennai to Rs.45,260. In Mumbai, the price of 24-carat gold was Rs.46,920 while in Chennai it was Rs.49,380 per 10 gm. On the Multi Commodity Exchange, December gold futures increased by 1.46% to Rs 48,486 per 10 gm. Silver December futures traded at Rs 62,200 per kg.

    02 December 2020

  • Gold and silver record marginal inclines in the market

    Gold and silver prices showed inclining trends in the market on 23 November 2020 where the yellow metal was up by 0.24% and silver prices had increased marginally by 0.07%.

    With the hope for potential vaccines for COVID-19 rising in the market, risk appetite amongst investors is at a high. According to Anuj Gupta – DVP – Commodities and Currencies Research, Angel Broking, gold can be sold at around Rs.50,400 per 10 grams with a stop loss of Rs.50,600 per 10 grams for a target of Rs.49,800 per 10 grams.

    Silver, as well, can be sold for Rs.62,400 per kg with a stop loss of Rs.63,100 per kg for a target of Rs.61,000 per kg.

    26 November 2020

  • Gold price today at Rs 50,800 per 10 gm, silver trends at Rs 62,000 a kg

    Prices of gold fell by Rs.50 to Rs.50,750 from Rs.50,800 per 10 gm on Thursday, while silver traded at Rs.62,000 per kg.

    In New Delhi, the price of 22-carat gold was at Rs.47,650 per 10 gm, and in Chennai it rose by Rs.10 to Rs.46,140. In Mumbai, the price dropped by Rs.50 to Rs.49,750. The price of 24-carat gold in Chennai was recorded to be Rs.50,320 per 10 gm.

    25 November 2020

  • Gold and silver prices record declines due to rupee appreciation

    Gold prices dipped by Rs.357 to Rs.50,253 per 10 grams in Delhi on 18 November as the value of the rupee appreciated against the dollar along with slow demand for the metal. In its previous session, the metal had closed at Rs.50,610 per 10 grams.

    Silver prices as well have recorded a decline in prices by Rs.532 to Rs.62,639 per kg compared to Rs.63,171 per kg.

    In the international market, gold prices were trading higher at $1,882 per ounce and silver prices were at $24.57 per ounce.

    18 November 2020

  • Silver prices jump in India on 16 November 2020

    Silver futures prices on MCX jumped by 0.22% and were at Rs.63,941 for a kg. In the morning, MCX was closed due to Diwali Balipratipada. On 14 December 2020, silver prices on MCX fell. In the international markets, the prices of silver jumped by 1.1% and were at $24.91 for an ounce. Unlike silver, gold rates fell in India on 16 November 2020. Gold futures prices on MCX fell by 0.12% and were at Rs.50,925 for 10 grams. In the international markets, the prices of spot gold jumped by 0.3% and were at $1,893.30 for an ounce. In the previous session, the prices of spot gold closed at $1,898.81 for an ounce.

    16 November 2020

  • Gold prices fall by Rs.81, and silver rates dip by Rs.4

    Gold rates had fallen by Rs.81 and reached Rs.50,057 per 10 gram in Delhi. During the previous trading rally, gold had closed at Rs.50,138. Silver had seen a muted trend as the prices had dipped by Rs.4 and reached Rs.62,037 per kg. This was a fall from Rs.62,041 per kg.

    15 November 2020

  • Silver prices increase by Rs.451 in Delhi on 11 November 2020

    According to HDFC Securities, the prices of silver in Delhi increased by Rs.451 on 11 November 2020 and were at Rs.62,023 for a kg. In the previous session, silver rates were at Rs.61,572 per kg. In the international markets, the prices of the white metal traded flat and were at $24.20 for an ounce. Gold prices increased by Rs.3 and were at Rs.50,114 for 10 grams. In the last session, the prices of the yellow metal and were at Rs.50,111 for 10 grams. In the global markets, gold prices increased slightly and were at $1,877 for an ounce.

    14 November 2020

  • Gold rates reach Rs.52,620 and silver stands at Rs.62,700

    Gold and silver rates had increased as Dhanteras was round the corner. In Delhi, the price of 24 carat gold had been Rs.52,620 per 10 gram, and 22 carat gold was being sold at Rs.49,170. The silver rate had increased and reached Rs.62,700 per kg. Gold had finally closed at Rs.50,111 per 10 gram and silver rates had risen by Rs.451 and reached Rs.62,023 per kg.

    13 November 2020

  • Gold and silver prices decline before Dhanteras festival

    The prices of gold and silver fell before the start of Dhanteras and Diwali when people traditionally buy jewelry. Gold prices decreased by 5% on 9 November 2020, which was its biggest single day decline since August. The prices of silver also declined by 8% around the same time.

    10 November 2020

  • Silver rates increase by Rs.207 for a kg on 9 November 2020

    When compared to 6 November 2020, the prices of silver increased by Rs.207 on 9 November 2020 and were at Rs.66,052 for a kg. Currently, the gold to silver ratio is at 79.36 to 1. The prices of gold fell by Rs.53 in Mumbai and were at Rs.52,420 for 10 grams. Sluggish global cues and a strong US dollar ensured that the prices of gold fell. In the international markets, the prices of spot gold fell by $26.10 and were at $1,925.11 for an ounce. Gold prices in India are inclusive of 12.5% import duty and 3% GST. In the case of currency debasement and inflation, investors move towards the yellow metal.

    09 November 2020

  • Gold prices record inclines due to international trends; silver prices increase

    Gold prices in Delhi increased by Rs.158 to Rs.50,980 per 10 grams after the metal showed an inclining trend in the international market. The metal had previously closed at Rs.50,822 per 10 grams. Silver prices increased by Rs.697 to Rs.62,043 per kg compared to its closing price of Rs.61,346 per kg in the previous session.

    In the international market, the price of gold increased to $1,916 per ounce and silver prices also traded high at $24.34 per ounce. The major factor affecting the international and national gold prices is the U.S. presidential elections.

    05 November 2020

  • Gold prices increase by Rs.103 and silver rates higher by Rs.793

    Gold rates had risen by Rs.103 and reached Rs.51,286 per 10 gram in Delhi. This increase in price had been supported by strong global trends and also the depreciation of the Indian Rupee. The metal had closed the rally at Rs.51,183 per 10 gram.

    Silver prices had increased by Rs.793 and stood at Rs,62,155 per kilogram.

    04 November 2020

  • Silver prices increase by almost Rs.800; gold prices show a positive trend

    Gold prices in New Delhi increased by Rs.103 to Rs.51,286 per 10 grams as the metal showed a positive trend in the international market along with the depreciation of the rupee. The metal had previously closed at Rs.51,183 per 10 grams. Silver prices also increased by Rs.793 to Rs.62,155 per kg compared to its previous closing of Rs.61,362 per kg.

    The value of the rupee depreciated by 32 paise and settled at 74.42 against the United States dollar as the dollar showed inclines.

    In the international market, gold was trading positive at $1,885 per ounce and silver traded flat at $23.83 per ounce. The price of the metal was trading higher due to the uncertainty of presidential elections and lockdown measures being taken in Europe.

    03 November 2020

  • Gold and silver prices fall again

    Prices of Gold and silver dropped on MCX by 0.14% to Rs.50426 per 10 grams, while silver futures slipped 0.06% to Rs.60100 per kg. Both precious metals had also fallen in the previous session.

    In the previous session, the price of gold dropped by 0.9%, or Rs.450 per 10 grams, on MCX, while silver fell by Rs.2080. The price of the yellow metal were flat today after a major slump in international markets in the previous session. Today, spot gold dropped to $ 1,877.83 an ounce after breaking 2% in the previous session. Among other precious metals, silver rose 0.1% to $ 23.43 an ounce, while platinum slipped 0.1% to $ 866.96.

    The US dollar index was higher against other currencies. Fears of financial impact from the new wave of Coronavirus in Europe was the reason behind the dollar being stable. Uncertainty due to US fiscal package and the strong US dollar has led to prices of precious metals falling.

    30 October 2020

  • Gold rates trades over Rs.51,000 and silver reaches Rs.62,900

    On the Multi Commodity Exchange, October futures for gold had traded lower by Rs.250 and reached Rs.51,070. This was after it had reached a high of Rs.51,199 and a low of Rs.51,065.

    The futures for silver in September had traded at Rs.62,995 and dipped by Rs.670 and reached Rs.63,629 per kg.

    23 October 2020

  • Gold and silver rates surge in top cities in the country

    The price of gold increased in the market by more than Rs.400 for both 22-karat and 24-karat gold. Compared to its previous closing at Rs.49,510 per 10 grams, the price of 22-karat gold was at Rs.49,920 per 10 grams. For 24-karat gold, the price of the metal increased to Rs.50,920 per 10 grams compared to Rs.50,510 per 10 grams in the previous session.

    The trend for top cities in the country differs due to various factors. The price of 22-karat gold has increased by Rs.280. The price of 24-karat gold in Chennai is higher than the overall national rise. 24-karat gold in the city was priced at Rs.51,060 per 10 grams on 19 October and was Rs.51,730 per 10 grams on 20 October.

    Silver, after a session of decline, has increased by more than Rs.600 across major cities. The price of silver is Rs.62,750 per kg all over India.

    21 October 2020

  • Gold and silver record an incline in prices due to positive international trends

    Gold prices increased to Rs.53,780 per 10 grams, increasing marginally by Rs.10 compared to its previous closing price of Rs.53,770 per 10 grams. Silver prices had previously recorded an incline by Rs.805 to cross the rs.63,000 per kg mark, currently trading at Rs.62,750 per kg.

    The price of 22-karat gold in New Delhi was steady at Rs.49,300 per 10 grams and in Chennai, the price increased to Rs.47,090 per 10 grams. On the Multi Commodity Exchange, gold futures for December delivery increased by 0.24% to Rs.50,670 per 10 grams. Silver futures for December were at Rs.62,049 per kg.

    In the international market, gold prices were trading positively at $1,909 per ounce and silver prices were trading at $24.64 per ounce. Spot gold had increased by 0.5% to $1,909.22 per ounce.

    20 October 2020

  • Silver prices trending towards Rs.62,000 on 14 October 2020

    Silver prices on 14 October 2020 tanked by Rs.1,681 and are at Rs.62.158 per kg. In the last session, the prices of the white metal were at Rs.63.839 per kg. Silver futures prices for the month of December were trading at Rs.61,522 for a kg. In the international markets, silver prices were flat and were at $24.16 for an ounce. Gold futures prices for the month of October on MCX increased by 0.57% and were at Rs.50,510 for 10 grams. In the international markets, gold prices gained slightly and were at $1,896 for an ounce.

    14 October 2020

  • Silver rate dips by Rs.875; gold rates record a marginal drop

    Gold price in India dipped by Rs.133 to Rs.51,989 per 10 grams on 13 October recording the first decline in the metal’s prices in the previous three sessions due to a weak global trend. In the previous session, gold prices had closed at Rs.52,122 per 10 grams.

    Silver prices as well dropped by rs.875 to Rs.63,860 per kg from its previous closing price of Rs.64,735 per kg. In the international market, gold was trading at a lower price at $1,919 per ounce and silver prices were trading flat at $24.89 per ounce.

    According to sources, gold prices have been under pressure due to a recovering dollar value in the United States.

    13 October 2020

  • Silver price records a jump of Rs.1,074

    The price of silver recorded an increase of Rs.1,074 for every kilogram on Thursday. The increase in the rates meant that a kilogram of the white metal was traded for Rs.62,159. Gold rates also gained and was trading at Rs.51,153 for every 10 grams after tracking gains in the international market. In the global market, the yellow metal was priced $1,891 per ounce while silver increased marginally to cost $24 per ounce.

    8 October 2020

  • Gold price at Rs.53,350 per 10 gm, while silver priced at Rs 62,000 a kg

    The prices of gold today showed stability at Rs.53,350 per 10 gm, while silver was priced at Rs.62,000 per kg.

    The price of gold jewellery in India vary from state to state due to excise duty, state taxes, and making charges.

    The price of 22-carat gold in New Delhi was recorded to be at Rs.49,400 per 10 gm, while in Chennai, it grew to Rs.48,450. The rate of gold in Mumbai was Rs.49,420.

    On the MCX, October gold futures surged 0.20% cent to Rs.50,526 per 10 gm, while silver December futures traded at Rs.60,571 per kg.

    Prices of gold grew by Rs.454 to Rs.51,879 per 10 gram in Delhi on Tuesday as the value of Indian Rupee dropped, according to HDFC Securities. Gold had closed at Rs.51,425 per 10 grams on Tuesday. Prices of the white metal rose Rs.751 to Rs.63,127 per kilogram from Rs.62,376 per kilogram on Tuesday.

    7 October 2020

  • Decline in gold and silver prices in New Delhi and internationally

    The price of gold reduced to Rs.51,192 per 10 grams, a fall of Rs.389, in Delhi on 5 October 2020. The price of gold in the previous trade was Rs.51,581 per 10 grams. The price of silver also fell to Rs.61,902 per kg, which was a fall of Rs.466 from the Rs.62,368 per kg in the previous session. This was in keeping with the international trends in gold and silver prices. Internationally, gold was priced at $1,892 per ounce and silver was priced at $23.81 per ounce.

    6 October 2020

  • Gold and Silver prices falls

    The price of Gold and Silver fell by Rs.194 and Rs.933 respectively. The price of yellow metal in New Delhi was recorded at Rs.50,449 per 10 grams, while silver prices were recorded to be at Rs.59,274 per kg.

    The value of Indian rupee paired initial gains to close 18 paise lower at 73.79 against the U.S dollar.

    The price of both gold and silver on the global markets traded lower at $1,857 per ounce and $22.70 per ounce respectively.

    The price of gold is down as the investors are keeping a close watch on the U.S presidential election debate and key data from China. The prices of gold were down despite the dollar not performing up to the mark.

    5 October 2020

  • Silver rate falls by more than Rs.5,000; gold prices plummet

    Due to a huge selloff in the equities market, silver prices plummeted by more than Rs.5,700 to Rs.61,606 per kg on 22 September 2020. Gold prices as well declined to Rs.51,328 per 10 grams after dipping by more than Rs.600. According to sources, gold had closed its previous session at Rs.52,000 per 10 grams.

    Spot gold had dropped by Rs.672 in New Delhi due to the selloff in the market even though the value of the rupee depreciated against the dollar.

    In the international market, gold prices were trading lower at $1,900 per ounce and silver showcased a flat trend at $26.12 per ounce.

    23 September 2020

  • Gold rates take a major hit; silver prices plummet

    Gold prices in India declined by Rs.110 on 22 September and were Rs.54,760 per 10 grams. The metal’s earlier closing price was Rs.54,870 per 10 grams. In Delhi, 22-karat gold was priced at Rs.50,200 per 10 grams and Rs.50,300 per 10 grams in Mumbai. 24-karat gold price in Delhi was Rs.54,760 per 10 grams and Rs.51,300 per 10 grams in Mumbai.

    According to experts, the metal may see resistance around the Rs.50,660 per 10 grams on the lower side. With the price of silver and gold declining in the global market due to the dollar index gaining, the demand for gold is less. A heavy sell-off in the equities market resulted in gold rates decreasing.

    22 September 2020

  • Silver prices increase by Rs.1,013 in the national capital on 15 September 2020

    Silver prices in Delhi increased by Rs.1,013 and were at Rs.70,743 for a kg on 15 September 2020. In the previous session, the prices of silver were at Rs.69,730 for a kg. The buying interest ensured that the prices of the white metal increased in Delhi. In the international markets, the prices of silver were flat and were at $27.31 for an ounce. Like silver, gold prices increased in the national capital as well. Gold prices increased by Rs.422 and were at Rs.53,019 for 10 grams. A weak dollar and a positive trend in the international markets ensured that the prices of the yellow metal increased. In the international markets, gold prices increased and were at $1,963 for an ounce.

    9 September 2020

  • Gold prices record an incline; silver prices drop

    Gold prices increased from Rs.54,160 per 10 grams to Rs.54,310 per kg on 9 September. Silver prices, on the other hand, dipped marginally by Rs.100 from Rs.68,100 per kg to Rs.68,000 per kg.

    In New Delhi, 22-karat gold was priced at Rs.49,800 per 10 grams and was Rs.48,850 per 10 grams in Chennai. The value of 24-karat gold in Chennai was Rs.53,290 per 10 grams. On the Multi Commodity Exchange, gold futures for October delivery dipped by 0.56% to Rs.51,353 per 10 grams. Silver futures for September was trading marginally higher at Rs.68,494 per kg.

    The price of gold increased by Rs.122 to Rs.51,989 per 10 grams in New Delhi on Tuesday as the value of the rupee appreciated against the dollar. Silver prices also increased by Rs.340 to Rs.69,665 per kg.

    In the international market, gold was trading at a marginal incline at $1,930 per ounce and silver was trading flat at $26.91 per ounce.

    9 September 2020

  • Price of gold falls after 3 days, silver stands at Rs.69,600

    After 3 sessions of gain in India, the price of gold has finally slacked. The prices have dropped in the international market as well. The price of silver now stands at the rate of Rs.69,600 for a kilogram.

    The drop in price of gold and silver in the international commodity market is owing to the fact that the economic data in the United States of America (USA) boosted the US Dollar (USD). The gold October futures in the multi-commodity exchange dropped by Rs.250 and now stands at Rs.51,250 after it had hit an intraday low of Rs.51,220 as opposed to the previous closing value of Rs.51,502 per 10 grams. The MCX gold futures are currently trading at about Rs.4,976 lower than its highest ever price point of Rs.56,191 per 10 grams.

    4 September 2020

  • Gold rates stand at Rs.55,000 per 10 gm and silver prices at Rs.68,700

    Gold prices had increased to Rs.55,000 from Rs.54,930 per 10 gram and silver prices had increased jumped to Rs.68,700 from Rs.66,600 per kg. In New Delhi, the rate of 22-carat gold had increased to Rs.50,400 per 10 gram, and in Chennai, the price had been Rs.49,720. In Mumbai, the price had been Rs,50,750. On the MCX, the gold October futures had fallen by 0.38% to Rs.51,502 per 10 gram. The September silver futures had been Rs.68,349 per kg.

    2 September 2020

  • Gold rates increase, silver prices also increase

    Gold prices, which been below Rs.51,000 per 10 gram, had increased and tracked positive trend. The silver rates had also been higher in the Indian markets. The gold October futures had increased by 0.1% to Rs.51,504 per 10 gram on the Multi Commodity Exchange (MCX). The gold prices in India had reached Rs.56,200 and was volatile ever since. The silver September futures on the MCX had increased 0.4% to Rs.69,135 per kg.

    1 September 2020

  • Silver price was trading at Rs.66,210 per kg

    The price of silver was trading at Rs.66,210 per kg after the metal’s September futures were down by 1.28 percent on the Multi Commodity Exchange (MCX). The white metal had touched an intraday low of Rs.65,915 per kg. In the international oil market, silver prices slipped below the $2,000 mark as the dollar steadied on better than expected US economic data. An ounce of the white metal was retailed for 26.50 after the price eased by 0.7 percent.

    Gold price also fell in the country on Monday. On the MCX, Gold September futures were down by Rs.270 and was trading at Rs.51,745. It must be noted here that the price of the yellow metal has seen an increase of 41.5 percent since the start of the year. In the international market, spot gold prices were down by 0.3 percent and was trading at $1,934.13 per ounce while Comex gold prices was trading at $1,929 per ounce after falling by 0.26 percent.

    24 August 2020

  • Gold and silver prices record inclines due to worries over economic growth

    Gold prices in the nation’s capital increased by Rs.340 on 17 August and were priced at Rs.53,611 per 10 grams. The rise in prices was due to a positive trend of metal in the international market. The metal had closed its previous session at Rs.53,271 per 10 grams.

    The silver rate also surged on the same day due to its increased demand and gained Rs.1,306, priced at Rs.69,820 per kg compared to its previous closing price at Rs.68,514 per kg.

    In the international market, gold prices increased to $1,954 per ounce and silver traded at $26.81 per ounce, increasing due to growing concerns over global economic growth.

    17 August 2020

  • Gold price rises marginally by Rs 11, silver jumps Rs 1,554

    Price of gold in India grew marginally by Rs.11 to Rs.53,132 per 10 gram in Delhi on Thursday following a rally in international market, according to a report by HDFC Securities.

    In the previous trade, the precious metal had closed at Rs.53,121 per 10 gram.

    Silver price in Delhi also jumped Rs.1,554 to Rs.68,349 per kg from Rs 66,795 per kg in the previous trade.

    In the international market, the yellow metal was trading with gains at USD 1,931 per ounce, while the white metal was flat at USD 25.88 per ounce.

    14 August 2020

  • Silver prices dropped to Rs.60,000 per kg levels tracking global cues

    Silver futures in the country dropped by 9% on 12 August 2020 tracking a global fall in the metal’s prices. As the U.S. dollar value increased against other currencies, risk appetite amongst investors increased and shifted to the equities. On the Multi Commodity Exchange, silver futures for September delivery hit its first lower circuit at 6% at Rs.62,918 per kg and declined to Rs.60,910 per kg.

    Silver futures in the morning quoted at Rs.61,770 per kg dropping by 7.72% compared to its previous closing price. In the international market, the silver price fell by 2.8% to $24.11 per ounce.

    The dollar index traded 0.28% higher and had risen by 0.30% on 12 August.

    12 August 2020

  • Silver rates climb to multi-year high of Rs.67,600 per kg

    On Wednesday, silver futures climbed to a multi-year high of Rs.67,600 per kg. Given the recent surge in the rates of silver and gold, the stock of Multi Commodity Exchange in India (MCX) has increased to heights never seen before. The stock hit Rs.1,792 on Wednesday and is headed for Rs.2,000 by the end of the year. MC recorded a 29 percent increase in net profit for the April – June quarter. The average daily turnover for the first quarter was around Rs.23,000 crore. It must be noted here that gold futures on the bourse touched Rs.52,435 for every 10 grams on Wednesday which is a record high.

    30 July 2020

  • Silver prices drop by more than Rs.2,000; gold rates dip by Rs.69

    Gold prices dipped by Rs.69 to Rs.52,465 per 10 grams on 29 July and silver prices fell by Rs.2,500 to Rs.62,730 per kg. After a week of gains, this has been the first drop in the prices of both the precious metals.

    In New Delhi, the value of 22-karat gold was Rs.51,250 per 10 grams and 24-karat gold was priced at Rs.52,450 per 10 grams. 24-karat gold in Chennai was priced at Rs.54,940 per 10 grams. On the Multi Commodity Exchange, gold futures for August increased by more than 1% to Rs.52,649 per 10 grams while September futures of silver showed a marginal dip of 0.41% at Rs.65,260 per kg.

    Gold prices had hit a record high a few days back in the international market at $1,980.57 an ounce but the prices have dropped by 3.7% as investors booked profits along with the U.S. dollar value recovering in the market.

    29 July 2020

  • Gold prices continue to pace up as silver hits Rs.55,050 per kg

    In India, the price of gold has been continuing to gain on the dollar weakness. The future market of the yellow metal for the month of August shows a rise of 0.1% and stand at the rate of Rs.49,074 per gram.

    Silver, on the other hand, has gained more and stands at the rate of Rs.55,050 per kg. It has witnessed a latest hike of Rs.1,045 or 1.94%. In the previous session silver rate hit a high of Rs. 54000 as there was seen a recovery in industrial demand as well as supply concerns in Latin America as supply chain remain disrupted. That said, the prices of the yellow metal are edging towards hitting an all-time high in the last 9 years. Silver has already hit a 4-year high.

    22 July 2020

  • Value of gold increases; silver records price drop below the Rs.52,000 per kg mark

    On 20 July, gold prices recorded an incline at Rs.48,948 per 10 grams compared to its previous closing price at Rs.48,888 per 10 grams. Silver, on the other hand, fell below the Rs.52,000 per kg mark at Rs.51,745 per kg, trading at a low.

    In the city of New Delhi, the value of 22-karat gold was Rs.47,910 per 10 grams and 24-karat gold was priced at Rs.49,110 per 10 grams. 22-karat gold in the city of Chennai was valued at RS.47,040 per 10 grams and Rs.51,330 per 10 grams was the value of 24-karat gold.

    On the Multi Commodity Exchange, gold recorded an incline of 0.42% at Rs.48,980 per 10 grams and has been struggling since hitting its recent highs 2 weeks ago. Silver prices showed an incline on the MCX, rising by 0.55% at Rs.52,900 per kg.

    20 July 2020

  • Silver at 7 year high, outpaces Gold demand

    According to market analysts, silver has attracted investment demand as it is an industrial metal and its demand for jewellery has also helped the metal gain its stock during the pandemic season. 

    Silver has even outpaced gold as the Gold/Silver Ratio dropped to 93, which is the lowest in three weeks from the all-time high of 127 in mid-March. The ratio had dipped to 31 when silver touched over Rs.70,000 per kg in 2013 according to an analyst. 

     Silver futures grew to Rs.53,199 per kg on Thursday in the domestic market, the highest level since September 2013.

    17 July 2020

  • Silver futures jumped by more than 2 percent on Friday

    Silver rates continued to increase in the country on Friday and witnessed a jump of 2.49 percent. On Thursday, the white metal had recorded an increase of more than 5 percent. Given the increase in the rates, the price of the white metal has hovered near all-time highs. Silver futures due for a September 4 delivery was trading at Rs.77,949 after the rates increased by Rs.1,897. The hike in the rates pushed the average price of the monthly MCX silver contract to Rs.76,360. Silver continued its stellar run in the international market as well and recorded a jump of 3.10 percent to be trading at $29.84. It must be noted here that the price of previous metals vary from state to state due to value added tax (VAT). The rates are calculated after taking into account excise duty and making charges.

    7 August 2020

  • Gold and silver prices increase in the Indian market

    The value of gold increased and was trading at Rs.48,700 per 10 grams in the National Capital Region while silver prices increased from Rs.49,200 per kg to Rs.50,020 per kg. In the capital, the value of 22-karat gold increased to Rs.47,500 per 10 grams and in Chennai, was valued at Rs.46,780 per 10 grams. The value of 24-karat gold was Rs.50,990 per 10 grams in Chennai.

    On the Multi Commodity Exchange, gold futures for August saw an incline of 0.74% to Rs.49,159 per 10 grams. Silver futures also climbed to Rs.51,382 per kg for July.

    In the international market, gold futures crossed the $1,800 per ounce mark for the first time in 8 years and spot gold was also valued at above $1,800 per ounce. The rise in prices was majorly due to the surge in cases in many countries all over the world.

    10 July 2020

  • Silver futures prices in Delhi decrease on 8 July 2020

    On 8 July 2020, silver futures prices in the country decreased by 0.3% and are at Rs.50,067 for a kg. Tracking firm international rates, the prices silver increased by 0.9% in the previous session.

    Like the white metal, the prices of gold decreased in India as well after increasing to close record highs in the previous session. Gold futures prices for the month of August on MCX decreased by 0.2% and are at Rs.48,712 for 10 grams. In the last session, the prices of the yellow metal increased by 1.2%. Last week, gold prices hit record highs and were at Rs.48,982 for 10 grams. In the international markets, the prices of gold remained steady due to the increase in the number of coronavirus cases. There are expectations that central banks and governments will introduce several stimulus measures to help the economy as well. Spot gold rates were firm and are at $1,793.56 for an ounce. According to the details available on the official website of Johns Hopkins University, the number of coronavirus cases in the US is close to 30 million. According to officials from the US Federal Reserve, there could be a delay in the economy recovering because of the increase in the number of cases. In times of political and financial uncertainties, gold is considered as a safe haven.

    8 July 2020

  • Silver rates slip by Rs.1,217 on Monday

    The rates of the white metal slipped on Monday. In the national capital, the rates of the precious metal dropped by Rs.1,217 and was trading at Rs.49,060 per kg. Gold rates also witnessed a drop in the city and saw 10 grams of the yellow metal being retailed for Rs.48,964. When compared to the price recorded in the previous session, the rates were down by Rs.42. In the international market, gold was trading at $1,776 per ounce while silver was trading at $18 per ounce.

    6 July 2020

  • Gold price reaches Rs.48,410 and silver rate stands at Rs.48,110

    On Monday, the gold prices had increased to Rs.48,410 from Rs.48,400 per 10 gram. The white metal, silver price had risen to Rs.48,110 from Rs.48,100 per kilogram.

    In the city of New Delhi, the rates of 22-carat gold had been Rs.47,210 per 10 gram, and in Chennai, the price had been Rs.46,410. In the city of Mumbai, the yellow metal was being sold at Rs.48,360. The rates of 24-carat gold prices in Chennai is now Rs.50,620.

    On the MCX, the gold futures for August had risen by 0.76% to Rs.48,305 per 10 gram. The July futures for silver had risen around 0.52% to Rs.48,365 per kg. The MCX has made a decision to accept gold and silver bars refined at their domestic refineries for deliveries.

    29 June 2020

  • Silver rates reduce in Delhi on 23 June 2020

    Silver futures prices on MCX decreased by 0.4% on 23 June 2020 and are at Rs.48,311 for a kg. In the international markets, the prices of silver dropped by 0.2% and are at $17.79 for an ounce.

    Like silver, the prices of gold also reduced in the country after hitting record highs in the last session. On MCX, gold futures prices fell slightly and are at Rs.47,920 for 10 grams. In the last session, the prices of gold hit record highs and were at Rs.48,289 for 10 grams. The prices of gold in the international markets increased due to the hike in the number of coronavirus cases. The number of coronavirus cases all over the world has crossed the 9-million mark. Gold is considered as a safe haven during political and financial uncertainty. Spot gold prices in the global markets increased by 0.2% and are at $1,758.03 for an ounce. The prices of the yellow metal in the country are inclusive of 12.5 import duty and 3% GST.

    23 June 2020

  • Silver price gains by Rs.260 on Thursday

    On Thursday, silver rates increased by Rs.260 for every kilogram. A kilo was retailed for Rs.49,452 in the national capital. The jump in the rates was accounted to rally in international prices. In the international market, an ounce of the white metal was retailed for $17.59.

    The rates of the yellow metal also increased in Delhi. 10 grams of the precious metal cost Rs.48,305 after the rates increased by Rs.280. Globally, the rates held firm at $1,728 per ounce as growing virus cases in Beijing and the United States drew investors’ attention to safer assets.

    18 June 2020

  • Silver rates go up to Rs.47,720 per kg

    The rates of silver have climbed to Rs.47,720 per kilogram in the country. The rates increased by Rs.10 for every kilogram on Monday. Gold rates were also on the upward trend after the rates jumped by Rs.100 for every 10 grams. In Delhi, Mumbai, and Chennai, 10 grams of 22-karat gold cost Rs.46,270, Rs.46,020, and Rs.45,540 respectively. It must be noted here that the rates of gold jewellery in the country is determined after taking into consideration the excise duty, state taxes, and making charges.

    On the Multi Commodity Exchange (MCX), August gold futures slipped by 0.17 percent and was trading at Rs.47,334 for every 10 grams. The exchange has decided to accept gold and silver bars refined at domestic refineries for deliveries. The move is aimed that widening the present delivery list as well as increase the delivery volumes of both the metals.

    15 June 2020

  • Silver futures prices for the month of July increase by 0.3% on 29 May 2020

    Silver futures prices for the month of July on MCX increased by 0.3% and were at Rs.48,710 for a kg. In the international markets, the prices of silver decreased by 0.3% and were at $17.38 for an ounce.

    Gold prices in India increased as well, tracking international markets. The main reason for the increase in prices in the global markets is the tensions between China and the US. Gold futures prices for the month of June on MCX increased by 0.34% and are at Rs.46,565 for 10 grams. The prices of gold have reduced since hitting record highs of Rs.47,980 for 10 grams earlier in May. The improvement for riskier assets and the reopening of economies in several countries ensured that the prices of gold reduced. In the international markets, spot gold prices increased by 0.1% and were at $1,719.63 for a kg. Several measures have been introduced by Central Banks all over the world to help the economy that has been affected due to the coronavirus outbreak. These measures have ensured that the prices of gold remained high. Gold prices in India are inclusive of 12.5% import duty and 3% GST.

    29 May 2020

  • Silver prices increase in India on 30 April 2020

    Silver futures prices for the month of May on MCX increased by 0.5% and are at Rs.42,570 for a kg. The prices of gold increased in India as well.

    Gold futures prices for the month of June on MCX increased by 0.35% and are at Rs.45,700 for 10 grams. In the previous session, the prices of gold fell by Rs.566. In the last three sessions, the prices of gold in India tracked global rates and decreased. Earlier in April, the prices of gold hit record highs and were above Rs.47,000 for 10 grams. The prices of gold have remained volatile since then. In the international markets, spot gold prices decreased due to the improvement in risk appetites. Spot gold prices decreased by 0.1% and are at $1,708.85 for an ounce. In the case of currency debasement and inflation, gold is considered as a safe haven. Gold prices have also been supported by the increasing number of coronavirus cases. Gold prices in India are inclusive of 12.5% import duty and 3% GST. The demand for physical gold in India has been low due to the coronavirus outbreak and the subsequent lockdown.

    30 April 2020

  • Silver price decline for the second day in a row

    Silver price in the country slipped for the second day in a row. On the Multi Commodity Exchange (MCX), May silver futures fell by 0.26 percent to cost Rs.43,206 per kg. It must be noted here that the rates of the white metal are affected by factors like inflation, gold reserves at the central banks, global market price changes, trade wars, interest rates etc.

    Gold prices were also down on Thursday. On the MCX, June gold futures fell by 0.14 percent to Rs.44,880 per gram. In the previous session, gold futures had declined by 0.54 percent.

    In the global market, the white metal had been trading by 0.02% higher. The metal had been priced at $14.67 per ounce.

    9 April 2020

  • Silver futures climb as the international market stays firm

    The price of the white metal had risen by 3.17% to Rs.41,135 per kg. This had been in the futures trade. The hike in prices had been driven by the investors and participants widening their bets amidst a very strong and firm trend in the international silver market. When it comes to the Multi Commodity Exchange, the precious metal contracts for the month of May delivery had gained by Rs.1,263 (3.1%) to Rs.41,135 per kg in 4,058 lots.

    The white metal contracts delivery for the month of July had risen by Rs.1,253 to Rs.41,333 per kg in 528 lots.

    The traders had said that the fresh bets by all the participants during the previous trading rally had been in line with a very firm trend in international markets. This had led to the rise in prices of silver futures.

    In the global market, the white metal had been trading by 0.02% higher. The metal had been priced at $14.67 per ounce.

    3 April 2020

  • Silver futures gain by Rs.465

    On Monday, the prices of silver in the national capital had risen by Rs.465 to Rs.36,308 per kg in the futures trade. This was driven by the widening bets amidst a strong trend in the white metal internationally.

    When it comes to the Multi Commodity Exchange, the May white metal contracts delivery had gained by Rs.465, (1.3%) to Rs.36,308 per kg in 2,847 lots.

    The July silver deliveries had been trading higher by Rs.567 (1.5%) at Rs.36,825 per kg.

    A lot of traders had said that new bets by the participants had led to the hike in silver futures. This metal had been quoting 1.90% higher at $12.62 per ounce in the international market.

    24 March 2020

  • Silver prices increase by Rs.2,400 for every kilogram

    Silver prices on Friday recovered by Rs.2,400 per kg on the strength of the rise of the white metal in the international oil market. In the bullion market in Delhi, silver was traded for Rs.38,800 per kg. As per information available, silver spot rose by $0.71 to cost $12.79 per ounce in the global market.

    Gold prices also increased in the bullion market in Delhi on Friday and was up by Rs.850 for every 10 grams to cost Rs.42,570. In London and New York, spot gold gained $30.80 to cost $1,502.10 an ounce. The US gold futures for April also gained by $30.30 to cost $1,509.60 an ounce.

    As per the Indian Bullion and Jewellers Association, the rates of the yellow metal had closed at Rs.40,496 for every 10 grams on Thursday.

    20 March 2020

  • Silver prices down 2% as traders prefer to sit on cash

    On Tuesday, silver futures had fallen by 2% during the trading rally. This dip was driven by investors who were continuing to sell assets that would keep their money in liquid cash. This was done amidst the panic as the economy weakened over the coronavirus outbreak.

    On the MCX, the May silver futures had been valued down by Rs.602 or 1.6% at Rs.35,605 per kg, When it comes to the Ahmedabad market, the price of silver had dipped to Rs.35,726 from Rs.42,984.

    In the global market, the price of the white metal had fallen by 1.5% to $12.71. Spot gold had dipped by 1.1% to $1,496.78 per ounce. U.S. gold futures had gained by 1.1% to $1,503.20.

    All holdings in the SPDR Gold Trust, worlds largest gold-backed ETF ad fallen by 0.2 per cent to 929.84 tons.

    18 March 2020

  • Prices of silver increase after falling by Rs.3,500 for a kg in a single session

    Post the crash in rates the previous week, the prices of silver rebounded in India on 16 March 2020. Silver futures prices on MCX increased by 1% and is at Rs.40,392 for a kg.

    In the previous session on 14 March 2020, the prices of silver fell by Rs.3,500 in a single session. In the international markets, the prices of silver increased due to the cuts in the interest rates by the Federal Reserve. Prices of silver in the international markets increased by around 3%. Following silver, the prices of gold increased as well. Gold prices increased by Rs.600 and are at Rs.40,460 for 10 grams. The main reason for the increase in prices was a weaker rupee and an advancement in the global markets. In the international markets, the prices of gold increased by around 3%. Gold prices in the international markets increased by $45 and are at $1,575.47 for an ounce. In case the markets are bad, gold is considered as a safe haven among most investors. However, the prices of gold fell by its biggest margin in the last week when compared to the last three decades. Gold prices in India include 3% GST and 12.5% import duty. The physical demand for gold has been affected in India due to the volatility in its prices. There has been negative growth in gold imports since December 2019.

    16 March 2020

  • Silver prices increase, following suit of gold prices in the international market

    With the number of cases of Coronavirus increasing daily, silver prices have been increasing in the market as well with the rise in safe-haven demand amongst investors. With the gold prices in the bullion market increasing, silver prices have increased as well, the following suit.

    In the Indian market, gold prices on 11 March had increased by Rs.736 per 10 grams on the Multi Commodity Exchange and were priced at Rs.42,133 per 10 grams. Similarly, silver prices increased as well by 2% to be priced at Rs.45,350 per kg on the same day. In the previous session, gold prices had seen a dip of more than Rs.1,000 per 10 grams due to profit-booking by investors. However, the price of the metal bounced back in the market amidst the escalation of the Coronavirus in the world.

    In the global markets, the price of the yellow metal had bounced back and was priced 1.2% higher at $1,602.90 per ounce. Similarly, the price of silver increased by 1.3% to be priced at $16.88 per ounce. There have been many factors at play along with Coronavirus which is affecting the global bullion market.

    According to experts, bullion prices will remain on the positive side given the increasing safe-haven demand with rising economic fears all over the world.

    13 March 2020

  • Silver prices slide by 1.3% to cost Rs.45,224 per kg

    Silver prices in the country slipped considerably on Thursday with every kilogram of the white metal being retailed for Rs.45,224. The rates of the precious metal slipped by 1.3%. In the overseas markets, silver gained 0.6% to cost $16.85 per ounce. The jump in the prices of the precious metal in the international market was accounted to coronavirus fears after the World Health Organization (WHO) declared the deadly virus as a pandemic.

    Gold prices also edged lower in the country on Thursday. On the Multi Commodity Exchange (MCX), April gold futures were down by 0.1% to cost Rs.43,314 for every 10 grams. The rates of the yellow metal in the country have been volatile since hitting a record high of about Rs.45,000 for every 10 grams. In the overseas market, spot gold prices increased by 0.6% to cost $1,645.00 per ounce.

    12 March 2020

  • Gold rate skids to Rs.44,250 as silver drops Rs.99

    On Thursday, the price of gold dropped by Rs.157 to Rs.44,250 per 10 grams as the demand for the metal saw a decline. The precious metal had closed at Rs.44,407 per 10 grams during the previous trade rally. The HDFC Securities Senior Analyst (Commodities) Tapan Patel had said that in the national capital, spot gold for 24 Karat had traded lower by Rs.157. In the international market, the yellow metal had earned marginal gains at $1,640 per ounce.

    When it comes to the white metal, the price of silver had dropped by Rs.99 to Rs.47,517 per kg. In the global market, the metal had been down at $17.17 per ounce.

    The Indian rupee is continuing to depreciate and had skid another 5 paise on Thursday. The currency traded at Rs.73.44 against the U.S. dollar. This drop was driven by the wide-spread fear of the coronavirus that has been affecting the global market off late.

    6 March 2020

  • Silver futures shoot up to Rs 44,615 per kg

    On Monday, the prices of silver futures had skyrocketed by Rs.636 to Rs.44,516 per kg. Experts have said that this boost was driven by traders widening their bets on precious metals. The silver contracts for March delivery had gained 1.45% on the Multi Commodity Exchange.

    The month of May saw its delivery for the white metal trading higher by Rs.616 (1.39%) at Rs.45,019 per kg in 8,697 lots. This precious metal had been quoting 2.75% higher at $16.91 per ounce in the international market.

    2 March 2020

  • Price of gold and silver see a dip in global markets

    Gold and silver prices, after hitting its 7-year highs in the earlier part of February, ended the month by trading at a low in the global markets. COMEX gold hit its 7-year high in the month due to the increasing concerns on Coronavirus and its effect on the global economy. Along with this, global equity markets, being weak also played an important role in the rise in prices of the metal.

    However, gold prices saw a major and rapid decline in the past week of the month, closing at a comparatively lower rate. On 24 February, the price of gold was $1,692 per ounce and then slipped till the end of the month. Silver prices, similarly, was recorded at $19.92 per ounce at its highest, before recording lower prices for the rest of the month.

    In February, overall, COMEX gold has dipped by 1.34% to close at $1,566.7 per ounce with silver prices decreased by a whopping 9% to be closing at $16.39 an ounce. However, in the Multi Commodity Exchange, the price of gold recorded an increase of 0.9% in the month of February to be priced at Rs.41,397 per 10 grams. However, silver prices dipped in the domestic market by 6.5% to be priced at Rs.44,403 per kg.

    25 February 2020

  • Gold and silver prices decrease after increasing for 5 continuous days

    Gold prices in the country dipped due to a decline in the metal’s rates in the global markets. On the Multi Commodity Exchange, the price of gold for April delivery declined by Rs.1,200 to Rs.42,371 per 10 grams, resulting in a percentage decline of 2.7. This was the first time the metal showed a dip in prices in 5 days. The precious metal recovered its losses marginally and was down by 1.6% at Rs.42,855 per gram.

    Silver prices, following suite also dipped in the country, priced at Rs.48,049 per kg on the Multi Commodity Exchange, falling by 3%. Gold prices have been trading with positive trends all around the world due to the increasing impact of the Coronavirus on the global economy.

    In the global markets, the yellow metal dipped by 1% on 26 February majorly due to profit-taking after gold hit its highest price in 7 years in the previous session. Spot gold prices dipped to $1,642.89 per ounce after hitting the high at $1,688.66 per ounce.

    However, the rise in the number of cases and deaths due to Coronavirus helped the metal stay afloat in the global markets amidst the profit-taking.

    25 February 2020

  • Silver prices rise Rs.178 to Rs 46,405 per kg

    The prices of silver rose by Rs.178 to Rs.46,045 per kg as investors increased their bet amidst a firm trend in silver prices in global markets.

    Silver contracts for March rose Rs.178, or 0.39%, to Rs.46,405 per kg in 2,707 lots.

    The white metal for delivery traded higher by Rs.163, or 0.35%, to Rs.46,891 per kg in 183 lots.

    Due to a fresh bet by investors in line with a firm trend in global markets was the primary reason why the price of silver surged.

    In the international market, silver was up 0.68% at $17.86.

    17 February 2020

  • Gold prices fall by Rs.112, silver by Rs.108

    In Delhi, the value of gold declined by Rs.112 on Tuesday, trading at Rs.41,269 per 10 grams. The reason for the decline was identified as weak demand in the global market, as per HDFC Securities. The previous trading session had seen gold prices close at Rs.41,381 per 10 grams. There was a decline in silver prices as well as the white metal fell by Rs.108 to close the session at Rs.47,152 per kilogram. The previous session saw silver trading at Rs.47,260 per kilogram. Tapan Patel, a Senior Analyst (Commodities) at HDFC Securities said that spot gold for 24 karat in Delhi was down by Rs.112 due to weak spot demand in global gold prices. So far as the global market was concerned, gold as well as silver were trading lower. The value of gold was recorded at $1,568 per ounce, while silver was trading at $17.71 per ounce.

    12 February 2020

  • Silver futures fall by Rs.123 for every kg on Tuesday

    As participants cut down their bets taking weak cues from overseas markets, silver futures dropped by Rs.123 on Tuesday to cost Rs.46,106 per kg. Silver contracts for March delivery tumbled by 0.27 percent on the Multi Commodity Exchange (MCX) in a business turnover of 2,547 lots. The rates of the white metal which are to be delivered in the month of May fell by Rs.93 or 0.20 percent to be trading at Rs.46,648 per kg in 47 lots. In the international market, the precious metal traded 0.03 percent lower on Tuesday with an ounce costing $17.78.

    11 February 2020

  • Weak spot demand causes decline in silver futures

    There was a decline in silver futures at the start of this week, with prices falling to Rs.46,015 per kilogram, thus marking a fall of Rs.91 from the closing rate of last week. The reason for the decline was attributed to the cut down in bets by participants as overseas markets were weak. Silver contracts for delivery in March also fell by 0.20% (Rs.91) to Rs.46,015 per kilogram on the Multi Commodity Exchange. Silver contracts for May delivery also declined by 0.12% or Rs.57 to close at Rs.46,560 per kilogram in 24 lots. So far as the international market was concerned, the price of silver fell by 0.01%.

    05 February 2020

  • Decline in gold and silver prices

    There was a decline in gold prices yesterday. Rates fell by Rs.396 per 10 grams in Delhi due to a decline in demand. The price per 10 grams was Rs.40,871. On the previous day, 10 grams of the precious metal were valued at Rs.41,267, as per HDFC Securities. A decline was also recorded in silver prices, from Rs.47,060 per kilogram on the previous day to Rs.46,881 yesterday. According to Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, the value of 24 karat spot gold in the national capital fell by Rs.396. On the other hand, he said, the value of the Indian rupee increased to 71.17 when compared to the dollar, marking an increase of 8 paise from the previous day. So far as the international market was concerned, gold was being sold for $1,554 per ounce while the price of silver was $17.70 per ounce. Mr. Patel went on to say that the reason for the decline in gold prices was due to the comeback of global markets as Chinese indices stabled following the infusion of liquidity by China’s central bank.

    05 February 2020

  • Silver prices increase by Rs.310 per kg while gold prices show a steady trend

    In Mumbai, gold prices remained firm at Rs.39,900 per 10 grams. This was majorly due to investors shifting to the bullion market as safe haven amidst trade tensions arising yet again. The unresolved issues related to the tariffs and their uncertainty remained a factor for investors, resulting in a low risk appetite. The decreasing value of the rupee also played an important factor in the gold prices.

    22-karat gold in Mumbai was Rs.36,548 per 10 grams with an additional 3% for GST. 24-karat gold on the other hand was priced at Rs.39,900 per gram plus GST and 18-karat gold was Rs.29,925 per gram in the retail market.

    There have been certain issues which are helping the prices of the metal to stay afloat. With China agreeing to buy more goods and services from the United States and the latter agreeing to remove the tariffs on China only after the Phase 2 of the deal is concluded, tensions are still persistent. The ratio of the amount of silver required to buy an ounce of gold was 86.23:1.

    In the futures market, gold rates hit the intraday high at Rs.39,775 per 10 grams and intraday low of Rs.39,604 per gram on the Multi Commodity Exchange. The metal for the February series, touched a low of Rs.36,098 per gram and a high of Rs.41,293.

    16 January 2020

  • Prices of silver fall by Rs.1,148 for a kg

    The prices of silver reduced by Rs.1,148 and hit Rs.47,932 for a kg in Delhi on 9 January 2020. In the previous session, the prices of silver were at Rs.49,080 for a kg. In the international market, the prices of silver were at $17.93 for an ounce.

    According to HDFC Securities, the main reason for the reduction in silver prices were weak global trends and a strong rupee. The prices of gold reduced by Rs.766 and hit Rs.40,634 for 10 grams in Delhi on 9 January 2020. In the previous session, the prices of gold were at Rs.41,400 for 10 grams. In the global market, the prices of gold were at $1,546 for an ounce. According to the Head – Advisory of HDFC Securities, Devarsh Vakil, the prices of gold reduced after Iran and the US stepped back to avoid a deeper military conflict. This resulted in investors buying riskier assets. He further added that the gold prices in the domestic market were affected by the strong value of the rupee against the dollar and the weak prices of gold in the international market. The value of the rupee advanced by 22 paise against the dollar and touched Rs.71.48.

    10 January 2020

  • Silver rates decline amid US – Iran tensions

    With a rebound in rupee against the US dollar and a decline in the global markets, silver prices fell sharply in the country. As per the Indian Bullion and Jewellers Association, the rates of white metal dropped to Rs.47,145 per kg from Rs.47,955 per kg. It must be noted here that the rates of gold also slipped due to the ongoing tensions in the Middle East after the United States killed a top Iranian commander on Friday. The rates of the yellow metal having a purity of 999 was sold for Rs.40,537. On the Multi Commodity Exchange, gold contracts for February traded higher by 0.04% at Rs.40,490 per 10 gram with a business turnover of 4,004 lots.

    8 January 2020

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