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Gold Price Today: Gold prices rise amid expectation of softening in interest rates, silver also shines

New Delhi. On Thursday, there was a rise in the price of gold and silver in the Delhi bullion market. In Delhi, the price of gold increased by Rs 211 to Rs 54,270 per 10 grams. There was a fall in gold on Wednesday and it closed at Rs 54,054 per 10 grams. On the other hand, if we talk about silver, it increased by Rs 593 to reach Rs 66,662 per kg.

A decline in the price of silver was recorded on Monday. According to HDFC Securities, the price of gold and silver continues to rise in the international market as well. Gold was trading at $ 1,782.3 an ounce in the international market. At the same time, silver also increased to $ 22.71 per ounce.

Read this also- Gold and silver prices fell, then gold came below 54 thousand, how much did silver fall?

Why the boom?
Dilip Parmar, Research Analyst, HDFC Securities said that the fall in bond yields has pushed gold prices higher in Asian trading hours. Navneet Damani of Motilal Oswal Financial Services has said that due to the fall in bond yields and the US dollar, gold is seeing a boom. He said that investors are assuming that there will be some softening on bank interest rates in the Federal Reserve meeting to be held next week.

gold future
There was a rise in the price of gold in the futures markets as well. On the Multi Commodity Exchange (MCX), gold for February was trading at Rs 54070 per 10 grams, up by Rs 83 or 0.15 per cent on Thursday. At the same time, the futures price of gold in the international market declined by 0.01 percent to 1797.80.

brightness returned in the market
The stock market ended the drought of the last 4 trading sessions. The Sensex today closed at 62570, up 160 points (0.26 per cent). At the same time, the Nifty closed trading at 18609.35 with a gain of 48.85 points (0.26 per cent). Today, the maximum growth in the market was seen in banking stocks. A major reason for this is the increase in the repo rate by the RBI, due to which investors expect that the banks will now increase the interest rates as well. Please tell that RBI has increased the repo rate by 0.35 percent or 35 basis points.

Tags: 24 carat gold price, business news, business news in hindi, Silver Price Today

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