Gold Rate: Comex's spot price for an ounce of gold was $2,341 in international markets, two dollars more than the previous closing price. An ounce of silver was priced at $31.20. It ended the most recent trading session at $31.65 per ounce.
Gold Rates: On Friday, the bullion market in Delhi witnessed a notable surge in gold prices, with a price of Rs 50, owing to the strength of the global market. Silver dropped by 500 rupees at the same moment that it failed to reach the one lakh mark. Based on data provided by HDFC Securities, the price of 10 grams of gold in Delhi's bullion market was Rs 72,900, representing a gain of Rs 50. On the other hand, gold ended Thursday's trading session at Rs 72,850 for ten grams. Silver dropped in price by Rs 500 at the same time, to Rs 95,500 per kg. It ended at Rs 96,000 per kg on Thursday, up Rs 1,100.
Silver is inexpensive in Delhi, gold pricey.
The price of spot 24 carat gold in Delhi markets was Rs 72,900 per 10 grams, according to Saumil Gandhi, senior commodity analyst at HDFC Securities. This is Rs 50 more than the closing price on Thursday. Spot gold on Comex was trading at $2,341 an ounce in overseas markets, two dollars above the previous closing price. According to him, the price of gold increased little on Friday. This is due to disappointment with the US GDP figures for the first quarter, which shows a downturn in the economy. Nonetheless, the cost of an ounce of silver stayed at $31.20. It ended the most recent trading session at $31.65 per ounce.
Gold gains in futures trading as well.
In addition, the price of gold increased by Rs 24 to Rs 72,240 per 10 grams on Friday in futures exchange as speculators bought new deals amid robust spot demand. The price of the August supply contract on the Multi Commodity Exchange (MCX) increased by Rs 24, or 0.03 percent, to Rs 72,240 per 10 kilos. There were 17,059 lots exchanged in it. Gold prices increased globally by 0.07 percent to $2,364.90 per ounce in New York.
Silver dropped in futures trading by Rs 747.
In Friday's futures trading, silver prices dropped by Rs 747 to Rs 93,376 per kg as dealers trimmed the size of their deals due to sluggish spot demand. The July delivery contract price of silver on the MCX saw a decrease of Rs 747, or 0.79 percent, to Rs 93,376 per kg. There were 27,074 lots exchanged in it. Around the world, the price of an ounce of silver in New York dropped by 0.62 percent to $31.34.
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