Gold rate today: Prices surge by Rs 429 to Rs 50,577 per 10 grams
Business | February 28, 2022 20:32 ISTSilver also zoomed by Rs 775 to Rs 65,557 per kg on industrial demand, from Rs 64,812 per kg earlier.
Silver also zoomed by Rs 775 to Rs 65,557 per kg on industrial demand, from Rs 64,812 per kg earlier.
On the Multi Commodity Exchange, gold contracts for the April delivery traded higher by Rs 1,432.00 or 2.84 per cent.
A recent, World Gold Council data suggested that the for quarter ended September 2021 demand for gold jumped to 47 per cent YoY to 139.1 tonnes as compared to 94.6 tonnes in the year ago.
Gold jumped Rs 159 to Rs 46,301 per 10 gram in the national capital on Thursday reflecting a recovery in international precious metal prices, according to HDFC Securities.
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Gold prices fell by Rs 389 to Rs 51,192 per 10 gram in the national capital on Monday, in line with a weak global trend, according to HDFC Securities.
Amid the global uncertainty, investment demand and supply concerns, touching fresh record levels has become the new normal for gold and silver prices. Continuing with the bull run, gold futures on Friday touched a new all-time high of Rs 56,191 per 10 gram.
Gold futures on the Multi-Commodity Exchange (MCX) reached a new record level on Wednesday as it neared the Rs 55,000 mark. The October contract of gold on the MCX touched an all-time high of Rs 54,910 per 10 gram. It is currently trading at Rs 54,848, higher by Rs 297 or 0.54 per cent from its previous close.
In the previous trade, it had closed at Rs 51,471 per 10 gram. Silver, however, declined by Rs 109 to Rs 62,262 per kg, from Rs 62,371 per kg on Thursday.
Gold prices on Wednesday hit a fresh high as economic uncertainty continues in the wake of the rising number of coronavirus cases. Gold futures on the Multi-Commodity Exchange (MCX) on Wednesday touched a new high and neared the Rs 50,000 per 10-gram mark. The August contract on MCX earlier in the day surged to a new high of Rs 49,996 per 10 gram.
Analysts expect domestic futures to touch Rs 52,000 per 10 grams in the next few months, till Diwali.
Gold in the national capital rose by Rs 144 to Rs 48,334 per 10 gram in-line with gain in international prices of the precious metal, according to HDFC Securities.
Gold prices rose marginally by Rs 18 to Rs 48,220 per 10 gram in the national capital on Wednesday, according to HDFC Securities.
Gold in the national capital rose by Rs 761 to Rs 48,414 per 10 gram on Tuesday in-tandem with spike in international prices of the precious metal and rupee depreciation, according to HDFC Securities.
Futures contracts of gold continued to surge on the Multi-Commodity Exchange (MCX) on Thursday and hit a new high of Rs 47,000 per 10 gram. Currently, the June contract of gold on MCX is at Rs 46,975 per 10 gram, higher by 0.57 per cent from its previous close.
Gold prices on Monday rose 1.01 per cent to Rs 40,765 per 10 gram in futures trade as speculators were indulged in creating fresh positions amid a firm global trend.
Gold prices on Friday jumped Rs 1,395 to Rs 41,705 per 10 gram in the national capital following rally in the international prices of the precious metal, according to HDFC Securities.
Gold prices in India opened higher on Friday on the Multi Commodity Exchange (MCX) tracking gains in international prices. However, it still remained significantly off their recent highs.
Gold prices on Wednesday rose by Rs 311 to Rs 40,241 per 10 gram in the national capital amid rupee depreciation and higher buying, according to HDFC Securities.
Gold rate today: Gold on Tuesday went lower by Rs 80 to Rs 39,719 per 10 gram in the national capital following weak global cues and rupee appreciation, according to HDFC Securities.
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