On February 22, gold has become expensive by Rs 278.
Gold and silver rose today, amid a sharp decline in the stock market and new cases of corona due to a fall in the dollar, a rise in the US Bond Yield. The price of gold has been increased by Rs 278 per ten grams and silver by Rs 265 per kg. Today, gold rose sharply to Rs 46,013 and silver closed at Rs 68,587. On Friday, the price of gold was Rs 45,735 per ten grams and the price of silver was Rs 68,322 per kg.
Today, the rupee recorded a gain of 16 paise against the dollar and it closed at the level of 72.49. Today the stock market closed for the fifth consecutive day. Today, the Sensex recorded a steep fall of 1145 points, drowning the investors by Rs 3.80 lakh crore. Senior analyst at HDFC Security Tapan Patel said that investors have become a little wary due to the fall in the dollar and new cases of Corona. This is the reason why gold is seen growing fast.
Gold Delivery Rate
Gold delivery is also seen increasing at this time. At 6.35 pm on the MCX, gold for April delivery was trading up by Rs 389 to Rs 46586 per ten gram and gold for June delivery was trading up by Rs 325 to Rs 46665 per ten gram. Today, gold is seen increasing in the international market. Gold for April delivery was currently trading at $ 1,796.65 per oz with a gain of $ 19.25 (+ 1.08%).
Silver delivery rate
At present, silver delivery is also seen on MCX. Silver for March delivery was trading up by Rs 427 to Rs 69439 per kg at the time. Similarly, May delivery silver was trading up by Rs 393 to Rs 70552 per kg. Silver is also seeing a boom in the international market. Silver for March delivery was trading at a level of $ 27.51 per oz with a gain of $ 0.26 (+ 0.96%) at this time.
Also read, petrol and diesel may soon be cheaper in the whole country, Reserve Bank Governor Shaktikanta Das gave hints
Also read, petrol and diesel became cheaper in these four states, this government reduced the price of petrol by more than 7 rupees