Gold Rate Today: Increase in the price of gold, silver also became expensive; Know where the prices reached
With the strength of Rs 594, gold has reached Rs 50,341 per 10 grams. In the last trading session, gold had closed at Rs 49,747 per 10 grams.
Staff Editor 
In line with the rise in global prices, gold on Friday rose by Rs 594 to Rs 50,341 per 10 grams in the national capital Delhi. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 49,747 per 10 grams. The price of silver has also jumped by Rs 998 to Rs 55,164 per kg. Silver had closed at Rs 54,166 per kg in the previous trading session.
Dilip Parmar, Research Analyst (Commodities) HDFC Securities said that spot gold of 24 carat gold in Delhi has gained Rs 594 in line with the rise in demand for gold as a safe investment option and rise in global market prices.
In the international market, gold was trading higher at $ 1,718 an ounce. At the same time, silver remained stable at $ 18.81 an ounce. Parmar said that increased buying in the previous session due to weakening of the dollar and rise in stocks has led to the rise in gold prices.
Prices in futures trade
In futures trade, gold prices have risen by Rs 56 to Rs 50,431 per 10 grams on Friday. On the Multi Commodity Exchange, contracts for August delivery were trading higher by Rs 56, or 0.11 per cent, at Rs 50,431 per 10 grams. This is for a business turnover of 4,969 lots.
On the other hand, silver prices fell by Rs 151 to Rs 55,260 per kg in futures trade on Friday. On the Multi Commodity Exchange, silver contracts for September delivery fell by Rs 151 or 0.27 per cent to Rs 55,260 per kg. These prices are in the business turnover of 22,399 lots.
Gold and Silver Price in Mumbai
At the same time, the price of gold in Mumbai metropolis, which is called the financial capital of the country, has been at Rs 50,613 per 10 grams. The price of silver has reached Rs 55,009 per kg in the capital of Maharashtra.
Let us tell you that due to tensions between Russia and Ukraine, slowdown in the global economy and high inflation, gold prices can see a huge increase. It has been told in the report that according to experts, gold prices can touch the figure of Rs 55,000 this year. With this, gold can reach Rs 62,000 next year.
