Monday was good for precious metals in the Delhi Bullion market. Both gold and silver made history. Gold first reached ₹ 1,19,500 per 10 grams, while silver touched ₹ 1.5 lakh per kg. For the fourth consecutive day, the prices of both metals rose, causing an uproar among investors and consumers.
Gold and Silver prices increase – According to the All India Sarafa Association, gold with 99.9 per cent purity on Monday increased ₹ 1,500 to ₹ 1,19,500 per 10 grams. Earlier, it closed at ₹ 1,18,000 on Saturday. Gold with 99.5 per cent purity was also increased to ₹ 10 grams.
Silver also saw a significant rise, which increased ₹ 7,000 to ₹ 1,50,000 per kg. Silver was trading at ₹ 1,43,000 per kg in the last session. Silver has reached its highest level so far due to a four -day increase.
Impact on the global market – Gold and silver are also shining in the international market. Gold rose by about 2 percent to $ 3,824.61 per ounce, while silver rose more than 2 percent to $ 47.18 per ounce.
Experts say that there are currently unrest and political tensions in the world, which is why investors are looking for a safe place. Demand for gold and silver has increased, as well as the US dollar weakened. For both these reasons, gold and silver prices have been steadily rising.
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