2 weeks ago
Gold, Silver Prices Rise in India Despite Global Declines
Gold became more expensive in New Delhi on Tuesday.
Its price rose by Rs 2,000 for every 10 grams.
This was the second day in a row that gold prices increased.
Retailers and stockists bought more gold, helping push prices higher.
Silver also became more expensive in India.
Its price increased by Rs 730 per kilogram.
However, gold and silver prices fell in international markets.
This means prices in India moved differently from global prices that day.
Gold prices in New Delhi rose Rs 2,000 to Rs 1,58,800 per 10 grams on Tuesday.
The increase extended gold’s gains for a second consecutive session.
Retailers and stockists increased buying, supporting domestic bullion prices.
Silver climbed Rs 730 to Rs 2,40,730 per kilogram after staying unchanged for two sessions.
Globally, spot gold fell 0.5% to USD 4,394.57 per ounce, while silver declined by slightly more than 1% to USD 65.08 per ounce.
- Who
- Retailers and stockists increased their buying, while the All India Sarafa Association reported the prices.
- What
- Gold and silver prices rose in New Delhi, even as both metals declined in global trading.
- Where
- New Delhi’s national bullion market; global prices were reported in U.S. dollars per ounce.
- When
- Tuesday, following a second consecutive session of gains for gold.
- Why
- Retailers and stockists stepped up buying, raising domestic demand.
Key facts
- Gold price
- Rs 1,58,800 per 10 grams, inclusive of all taxes
- Gold increase
- Rs 2,000 per 10 grams
- Gold purity
- 99.9 per cent
- Silver price
- Rs 2,40,730 per kilogram, inclusive of all taxes
- Silver increase
- Rs 730 per kilogram
- Global spot gold
- Down 0.5% to USD 4,394.57 per ounce
- Global silver
- Down slightly more than 1% to USD 65.08 per ounce
Sources
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