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Due to the ongoing wedding season across the country, gold prices saw a big rise for the second consecutive day today due to strong buying by jewelers and retailers. On Friday, the price of 99.9 percent pure gold in the capital Delhi registered a sharp rise of Rs 1100 per 10 grams. After today’s rise, the price of 99.9 percent pure gold has reached Rs 80,400 per 10 grams. Let us tell you that this is the highest price of gold in 2 weeks. All India Sarafa Association has given this information about the latest gold prices.
On Thursday, gold prices had increased by Rs 1400
On Thursday also, an increase was seen in the price of gold of 99.9 percent purity. On Thursday, the price of gold of 99.9 percent purity closed at Rs 79,300 per 10 grams with a sharp rise of Rs 1400. According to the Sarafa Association, today the price of gold of 99.5 percent purity also registered a strong rise of Rs 1100. With today’s rise, the price of gold of 99.5 percent purity reached Rs 80,000 per 10 grams in Delhi. On Thursday, the price of gold of 99.5 percent purity closed at Rs 78,900 after an increase of Rs 1400.
Gold futures prices also recorded a jump on Friday.
LKP Securities Vice President and Research Analyst (Commodity and Currency) Jatin Trivedi said, “The bullish trend is continuing as gold has regained its lost position.” Globally, gold futures rose by $ 36 an ounce to $ 2735.30 an ounce in the commodity market. HDFC Securities Senior Analyst (Commodity) Saumil Gandhi said that gold traders ignored the strength of the dollar amid rising tensions between Russia and Ukraine, which is increasing safe investment flow towards bullion.
