Gold price increased by Rs 2,500 in two days, know the latest rate

New Delhi: For the second consecutive day, gold prices gained rocket-like speed and crossed Rs 80,000. The rise of two consecutive days has taken the price of gold to a two-week high. According to the All India Sarafa Association, on Friday, the price of gold saw a rise of Rs 1100. On the other hand, there has been an increase of Rs 300 in the price of silver. The special thing is that in two days, the price of gold has seen an increase of Rs 2500. On Thursday, there was an increase of Rs 1400 in the price of gold. By the way, there has been an increase in the prices of gold and silver on the Multi Commodity Exchange. Let us also tell you how much gold has come to in the country’s capital Delhi.

According to the All India Sarafa Association, the price of gold in the country’s capital Delhi on Friday rose by Rs 1,100 to a two-week high of Rs 80,400 per 10 grams due to continuous buying by jewelers and retailers during the wedding season. On Thursday, the precious metal of 99.9 percent purity closed at Rs 79,300 per 10 grams. The price of gold of 99.5 percent purity increased by Rs 1,100, increasing the gain for the second consecutive day to Rs 80,000 per 10 grams. On Thursday, the yellow metal closed at Rs 78,900 per 10 grams. On the other hand, the price of silver rose by Rs 300 to Rs 93,300 per kg. In the last session, it was seen at Rs 93,000 per kg.

The special thing is that in the last two weeks, the price of gold has seen an increase of Rs 2,500. According to the data, a day earlier, there was an increase of Rs 1,400 in the price of gold. This means that in two days, the price of gold has increased by Rs 2,500. On the other hand, there was no change in the price of silver a day earlier. In such a situation, an increase of Rs 300 has been seen in the price of silver in two days. According to experts, further increase can be seen in the prices of gold and silver.

Meanwhile, gold for December delivery in futures trading on the Multi Commodity Exchange (MCX) rose by Rs 906 or 1.18 per cent to Rs 77,599 per 10 grams. Silver contract for December delivery jumped Rs 996 or 1.11 per cent to Rs 90,921 per kg. During the day, the metal jumped Rs 1,288 or 1.43 per cent to Rs 91,213 per kg on MCX. Globally, Comex gold futures rose by US$36 an ounce or 1.33 per cent to US$2,735.30 an ounce. Silver was quoted 1.42 per cent higher at US$31.83 an ounce in Asian market hours.

Jatin Trivedi, VP Research Analyst (Commodity & Currency), LKP Securities, said that the bullish sentiment is intact as gold regains lost ground. He said that due to growing uneasiness on the global, gold rose on Comex and on MCX it rose by Rs 900 to Rs 77,600. This sharp recovery highlights the resilience of gold and its role in balancing the portfolio during uncertain times. Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said that gold traders ignored the strength of the US dollar amid rising tensions between Russia and Ukraine, due to which safe investment continues to flow towards bullion.