Gold Price Today: Gold became cheaper in bullion market, but sprung due to buying in futures – gold price today gold falls rs 40 silver latest price climbs rs 110 – News18 Hindi

New Delhi. Gold became a bit cheaper in the bullion market today, while the price of silver increased. According to information provided by HDFC Securities, the yellow metal has increased by Rs 40 in Delhi today. Now ₹ 52,797 will have to be paid for 10 grams. It had closed at Rs 52,837 per 10 grams on the last trading day.

However, silver rose by Rs 110 to Rs 62,056 per kg. In the international market, gold declined at $1,745 an ounce, while silver remained steady at $21.27 an ounce.

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Dilip Parmar, Research Analyst, HDFC Securities, said, “Comex Gold declined slightly in Asia, as investors are yet to decide on any direction for investing in the yellow metal. The situation will be somewhat clear after the minutes of the US Fed Reserves coming tonight.

Buying seen in futures
According to another PTI report, gold prices rose by Rs 113 to Rs 52,402 per 10 grams in futures trade on Wednesday as speculators created fresh positions due to strong spot demand. At the Multi Commodity Exchange, gold contracts for delivery in December rose by Rs 113, or 0.22 per cent, to Rs 52,402 per 10 grams in a business turnover of 4,153 lots.

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Analysts said fresh buying by traders led to a rise in gold prices. Globally, gold was trading 0.22 per cent higher at $1,758.60 an ounce in New York.

Waiting for US Fed minutes
The minutes of the US Federal Reserve are going to come out today at 7 pm (GMT) (11:30 pm Indian time). From these minutes it will be known about the Fed’s stance on interest rates in America. If there is a scenario of increase in interest rates, then there can be a strengthening of the dollar and a fall in gold. The strength of the dollar will also weaken the Indian currency rupee.

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