Gold and silver expensive to buy, prices of both precious metals rise today, check latest prices – India TV Hindi

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Global market But gold rose by Rs 250 to Rs 63,000 per 10 grams at the national capital’s bullion market on Friday amid a surge in precious metal prices. HDFC Securities gave this information. Gold had closed at Rs 62,750 per 10 grams in the previous trading session. Silver price also increased by Rs 400 to Rs 76,000 per kg. Earlier it had closed at Rs 75,600 per kg.

Gold is in demand as a safe investment.

Spot gold (24 carat) prices rose by Rs 250 to Rs 63,000 per 10 grams in Delhi markets amid improvement in external markets, said Somal Gandhi, senior commodity analyst at HDFC Securities. In the global markets, gold rose to $2027 per ounce, while the price of silver rose to $22.81 per ounce. Navneet Damani, senior vice-president of commodity research at Motilal Oswal Financial Services, said gold is being sought as a safe haven amid uncertainty caused by conflicts in West Asia.

Rising gold futures prices

Gold prices rose by Rs 250 to Rs 62,019 per 10 grams in futures trade on Friday as speculators bought fresh deals amid strong spot demand. The February delivery contract on the Multi Commodity Exchange rose by Rs 250, or 0.4 per cent, to Rs 62,019 per 10 grams. It saw a turnover of 6,784 lots. Market analysts said buying of fresh deals by traders led to a rise in gold futures prices. Globally, gold rose 0.44 percent to $2,030.50 an ounce in New York. Silver rose by Rs 202 to Rs 71,817 per kg in futures trade on Friday as traders increased their position sizes amid strong spot demand. On the Multi Commodity Exchange, the silver contract for delivery in March rose by Rs 202, or 0.28 per cent, to Rs 71,817 per kg. 27,629 lots were traded in it. Silver futures rose as traders bought fresh deals on the back of a strong trend in the domestic market, market analysts said.

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