The Indian market recently witnessed a significant shift in the prices of gold and silver. While gold experienced a downturn, silver, on the other hand, surged in its pricing. Let’s delve deeper into these updates:
Gold Prices:
The national capital’s Sarafa market witnessed a decline in gold prices this Thursday. A substantial decrease of 300 rupees was observed, bringing gold to 63,200 rupees per 10 grams. These price variations have created substantial fluctuations in the gold market, leading to a dip from its previous high. This information was reported by HDFC Securities, confirming that gold stood at 63,500 rupees per 10 grams at the close of the last trading session.
Silver Prices:
Simultaneously, silver prices are experiencing significant volatility. Despite a hike, silver has become more expensive, with a 200-rupee increase in its pricing. Consequently, silver prices escalated to 79,000 rupees per kilogram, eventually reaching 79,200 rupees per kilogram.
Global Market Trends:
Senior analyst Soumil Gandhi at HDFC Securities highlighted that despite record-high prices globally, weak retail demand led to gold’s current rate of 63,200 rupees per 10 grams in Delhi, reflecting a 300-rupee reduction. Meanwhile, on the global stage, both gold and silver remained relatively steady at 2,040 dollars per ounce and 24.96 dollars per ounce, respectively.
