Gold became expensive in a week, if it increased thrice, then the price decreased twice


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Big Price hike in gold in a week, today Gold gains Rs 294

New Delhi. The price of gold has once again increased in the national capital. On Friday, the price of gold rose by Rs 294 to Rs 47,442 per ten grams. In this entire week, the price of gold has increased by Rs 858 as compared to the previous week. On Monday, the price of gold had increased by Rs 169. On Tuesday and Wednesday, gold prices fell by Rs 123 and Rs 61, respectively. After this, the price of gold rose by Rs 294 on Thursday. Last Friday, the price of gold was Rs 46,584 per ten grams.

Unlike gold, silver fell by Rs 170 to Rs 66,274 per kg today. Earlier, silver had closed at Rs 66,444 per kg. In the international market, gold was trading firm at $ 1830 an ounce and silver was trading with a firmness at $ 25.57 an ounce.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said selling in dollar after the FOMC meeting has led to a huge jump in gold prices. Dollar index remained at its four-week low, which increased buying in the yellow metal.

fall in gold futures prices

Gold futures on Friday fell by Rs 6 to Rs 48,390 per 10 grams in the local futures market as speculators reduced their positions amid weak spot demand. On the Multi Commodity Exchange, the delivery price of gold futures contract for October fell by Rs 6, or 0.01 per cent, to Rs 48,390 per 10 grams. The futures contract was traded for 12,694 lots. Analysts believe that offloading of positions by traders mainly led to the fall in gold futures prices. Globally, gold fell by 0.16 per cent to USD 1,832.80 an ounce in New York.

Silver futures fall

Silver prices fell by Rs 69 to Rs 68,131 per kg in futures market on Friday as participants reduced their positions on weak demand in the spot market. At the Multi Commodity Exchange, silver futures contract for September delivery declined by Rs 69, or 0.1 per cent, to Rs 68,131 per kg. The traded for this contract was 8,382 lots. In the global market, silver fell 2.53 per cent to USD 25.65 an ounce in New York.

Crude oil futures price rise

Crude oil prices on Friday rose by Rs 34 to Rs 5,481 per barrel in futures trade as participants widened their positions on firm spot demand. At the Multi Commodity Exchange, crude for delivery in August rose by Rs 34, or 0.62 per cent, to Rs 5,481 per barrel, with a business turnover of 7,319 lots. Market analysts said increased positions by participants led to rise in crude oil prices at futures trade. Globally, however, West Texas Intermediate crude fell 0.11 per cent to $73.54 an ounce, while global benchmark Brent crude fell 0.13 per cent to $75.95 an ounce.

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