Before Dhanteras and Diwali, a slight softness was seen today in the spot price of gold. There was an increase in the spot price of silver. Today, on 9 November, 24-carat gold opened at a low of Rs 61 per 10 gram at Rs 52412 in bullion markets and later closed at Rs 52420 per 10 gram, becoming cheaper by Rs 53. At the same time, the spot price of silver is also seen rising by Rs 208. Silver has reached Rs 66052 per kg today.
Gold will be sold at a discounted rate till Dhanteras-Chhoti Diwali
Metal Rate of 9 November (Rs / 10g) Rate of 6 November (Rs / 10g) Rate change (Rs / 10g) Gold 999 (24 carat) 52420 52473 -53 Gold 995 (23 carat) 52210 52263 -53 Gold 916 (22 carat) 48017 48065 -48 Gold 750 (18 Carat) 39315 39355 -40 Gold 585 (14 carat) 30666 30697 -31 Silver 999 Rs 66052 per kg, 65845 rupees per kg, 207 rupees per kilograma
Gold sprung for the fourth consecutive day in Delhi bullion market
The rise in gold prices continued for the fourth consecutive trading session on Monday. Gold rose by Rs 277 to Rs 52,183 per 10 grams in Delhi Bullion Market. HDFC Securities gave this information. Gold had closed at Rs 51,906 per 10 grams in the previous trading session.
On the lines of gold, silver also rose by Rs 694 to Rs 65,699 per kg. In the previous trading session it was at Rs 65,005 per kg. In the international market, gold was up at $ 1,960 an ounce. Silver held steady at $ 25.75 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “After Biden’s victory in the US presidential election, there is hope for more incentives and packages related to the corona virus.” This led to a jump in gold prices. He said that buying of gold is being seen in the concern of increasing cases of Kovid-19
IBJA rates are recognized nationwide
Explain that the rate issued by IBJA is universally accepted. However, GST has not been included in the rate given on this website. When buying and selling gold, you can refer to the rate of IBJA. According to the India Bullion and Jewelers Association, ibja shows the average price of gold and silver from 14 centers across the country by taking a current rate. The current rate of gold-silver or, say, the spot price may be different at different places, but there is a slight difference in their prices.
Gold futures up on spot demand
Gold futures rose by Rs 308 to Rs 52,475 per ten grams on Monday due to fresh demand from the spot market. The December supply contract for gold rose by Rs 308, or 0.59 per cent, to Rs 52,475 per ten grams at the Multi Commodity Exchange. It had a turnover of 12,577 lots. Analysts said buying by traders led to rise in gold prices. Gold was up 0.43 percent at $ 1,960 an ounce in New York.
Silver up Rs 969 in futures market
Silver prices rose by Rs 969 to Rs 66,304 per kg on Monday in the futures market as participants increased deals with increased demand. Silver for the December month contract rose by Rs 969, or 1.48 per cent, to Rs 66,304 per kg on the Multi Commodity Exchange. It traded for 14,441 lots. According to analysts, silver prices rose due to increased participants’ deal amid positive domestic trend. On the other hand, silver rose 0.75 percent to $ 25.86 an ounce in New York.