Tuesday, August 24, 2021

Gold Price Increase Today: Silver Also Became Expensive, Know The New Rate

The price of gold increased, silver also became expensive, Know about the new rate


Gold and silver became costlier on Tuesday. In the national capital, gold on Tuesday edged higher by Rs 170 to Rs 46,544 per 10 grams, despite a firming rupee. In the previous trade, gold had closed at Rs 46,374 per 10 grams. Silver also rose by Rs 172 to Rs 61,584 per kg today, as against Rs 61,412 per kg in the previous trade.

The rupee opened higher by 9 paise at 74.13 against the US dollar in early trade on Tuesday.

A strong rally in the domestic stock market The rupee on Tuesday closed with a gain of three paise at 74.19 against the US dollar. However, a firmer dollar in overseas markets and rising crude oil prices weighed on investor sentiment.

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In the global market, gold was trading at $ 1,801 an ounce and silver was trading marginally lower at $ 23.60 an ounce.

As per HDFC Securities Senior Analyst (, spot gold prices at COMEX traded marginally lower at USD 1,801 an ounce on Tuesday.

Worldwide oil benchmark Brent rough prospects rose  1.34 percent to $69.67 per barrel. Foreign institutional investors remained net sellers in the capital markets on Monday, as indicated by exchange data.

Gold futures price: On the  Multi Commodity Exchange, at 04:40 pm, the cost of gold for conveyance in October 2021 was trending up by Rs 38, or 0.08 percent, at Rs 47622 per 10 grams.

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Silver futures price: On the  Multi Commodity Exchange, at 04:41 pm, the price of silver for delivery in September 2021 was trending up by Rs 305, or 0.48 percent, at Rs 63232 per kg.

CONCLUSION:

Silver also rose by Rs 172 to Rs 61,584 per kg today, as against Rs 61,412 per kg in the previous trade. Gold futures price: On the Multi Commodity Exchange, at 04:40 pm, the cost of gold for conveyance in October 2021 was trending up by Rs 38, or 0.08 percent, at Rs 47622 per 10 grams. Silver futures price: On the Multi Commodity Exchange, at 04:41 pm, the price of silver for delivery in September 2021 was trending up by Rs 305, or 0.48 percent, at Rs 63232 per kg.

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