Gold Rate Today: The price of gold increased, silver also became expensive, know the new rate
Gold Rate Today In the previous trade, gold had closed at Rs 46912 per 10 grams. Silver also rose by Rs 59 to Rs 6,1005 per kg from Rs 60946 per kg in the previous trade.
Gold prices on Friday rose by Rs 93 to Rs 47,005 per 10 grams in the national capital Delhi. In the previous trade, gold had closed at Rs 46,912 per 10 grams. Silver also rose by Rs 59 to Rs 61,005 per kg from Rs 60,946 per kg in the previous trade. On Friday, the Indian rupee declined by 26 paise to close at 74.16 against the US dollar.
In the international market, gold was trading higher at $ 1,826 an ounce and silver was flat at $ 23.19 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Gold prices firmed up 0.21 per cent on COMEX on Friday to trade at $1,826 an ounce."
The rupee on Friday declined by 25 paise to close at 74.15 (provisional) against the US currency at the forex market. The rupee depreciated on the back of a weak trend in the stock market and a rise in crude oil prices, weighing on investor sentiment.
Traders said the rupee declined after US Federal Reserve officials took a more aggressive stance on monetary policy.
After touching a high of 74.05 and a low of 74.21 in the interbank foreign exchange market, the rupee finally closed down by 25 paise at 74.15 per dollar. The closing price of the rupee was 73.90 per dollar in the previous trading session.
US Federal Reserve officials have indicated that the central bank will raise the interest rate (policy rate) in March to tame inflation. This had a negative impact on emerging market currencies. Meanwhile, the dollar index, which reflects the trend of the dollar against the six currencies, declined 0.01 per cent to 94.78. Global benchmark Brent crude futures rose 1.01 per cent to $85.32 per barrel.