New Delhi: On the strength of the rise in gold and silver abroad, today in the bullion market in Delhi, gold has risen by Rs 850 to Rs 42,570 per ten grams. Silver also recovered by Rs. 2,400 to Rs. 38,800 per kg due to the fall of the previous trading day. At the international level, both the precious metals have increased rapidly in the local market.
According to information received from London and New York, gold spot gained $ 30.80 (more than two per cent) to $ 1,502.10 an ounce. US gold futures for April also gained $ 30.30 to $ 1,509.60 an ounce. Market analysts have said that demand for gold has increased as a safe investment. As a result, prices have been seen in international bullion markets. Silver spot also rose by $ 0.71 to $ 12.79 an ounce in the international market.
Gold and silver prices are seeing an increase once again. Gold rose by Rs 420 to Rs 40916 per 10 grams as soon as the bullion market opened on Friday. According to the Indian Bullion and Jewelers Association website (ibjarates.com), 10 grams of gold had closed at Rs 40496 on Thursday. Let us tell you that bullion is gold and silver which is officially considered to be at least 99.5 percent pure and is in the form of ingots or bars.