In the country’s capital Delhi, gold prices have seen a rise for the second consecutive day. On the other hand, an increase of about 5 percent has been seen in the price of silver. Due to which the prices of silver have crossed Rs 2.40 lakh. At the same time, the price of gold has reached close to Rs 1.50 lakh. According to experts, there has been an increase in the prices of gold and silver due to the rise in the international market. Gold and silver prices have increased due to the fall in the dollar index. According to experts, there may be fluctuations in the prices of gold and silver in the coming days. Let us also tell you what the prices of gold and silver have become.
Gold and silver became expensive in Delhi
Due to the fall in the dollar and increase in the international market, the prices of gold and silver rose by up to 5 percent in the national capital Delhi. On Wednesday, silver in the national capital increased by Rs 11,250 to Rs 2.41 lakh per kg, while the price of gold reached Rs 1.49 lakh per 10 grams. According to All India Bullion Association, the price of silver increased by Rs 11,250, or 4.89 percent. This increased from Tuesday’s closing price of Rs 2,30,000 per kg to Rs 2,41,250 per kg (including all taxes). Gold of 99.9 per cent purity also rose by Rs 4,900, or 3.38 per cent, to Rs 1,49,700 per 10 grams (including all taxes). The last closing price of gold in the bullion market was Rs 1,44,800 per 10 grams.
Gold and silver prices in international market
Saumil Gandhi, Senior Analyst, Commodities, HDFC Securities, said gold prices rose in domestic markets on Wednesday, indicating a strong recovery in recent sessions. This improvement was boosted by an improved geopolitical environment, which led to a fall in oil prices. Spot gold in the international market rose by $ 82.17, or about 2 percent, to $ 4,556.55 an ounce, while silver was trading at $ 72.67 an ounce, up 2 percent. Praveen Singh, research analyst at Mirae Asset ShareKhan, said that spot gold continued to rise for the second consecutive day and reached the level of around $ 4,550 an ounce. This happened because investors are hopeful of a possible ceasefire between America and Iran, due to which the prices of crude oil and dollar have fallen.
Iran rejected the claims
According to reports, Iran has received a 15-point proposal from the US to reach a ceasefire. President Donald Trump has expressed optimism about a possible deal with Iran, and said that Vice President J.D. Vance and Secretary of State Marco Rubio are involved in talks in this regard. However, Tehran has denied any talks with Washington. A military spokesperson there rejected the claims of talks outright. Meanwhile, Iran has also started charging transit fees on some commercial ships passing through the Strait of Hormuz, which has further increased uncertainty in global markets.