Glow return in gold

Glow return in gold

Gold prices rose for the second consecutive day on Tuesday. On 23 February, the spot price of 24 carat gold in Delhi bullion market jumped by Rs 337 to Rs 46,372 per ten grams. Experts say that the main reason for the rise in gold prices was the rise in gold prices in the global market overnight. On Monday, gold had closed at Rs 46,035 per ten gram in the trading session.

In the bullion market, along with gold, silver prices also registered a sharp rise. Silver prices jumped by Rs 1,149 to Rs 69,667 per kg. Silver was at Rs 68,518 per kg in Monday’s session. HDFC Senior Analyst Tapan Patel says that the impact of the boom in the global market overnight was visible on the 24-carat gold prices in Delhi’s spot market. Gold became expensive by Rs 337 per ten grams.

In the international market, the trend of rising gold prices was observed. Gold reached $ 1808 an ounce. At the same time, silver prices were also recorded at the level of $ 28.08 an ounce.

However, the futures prices of gold in the domestic market remained in the range. On Tuesday, participants reduced their holdings as spot demand remained low. In the turnover turnover of 12,987 lots on Multi Commodity Exchange i.e. MCX, gold was down by 0.12 per cent at Rs 46,845 per ten grams.

Leave a Reply

Your email address will not be published. Required fields are marked *