Today, the price of gold and silver registered a slight rise in the domestic market. According to HDFC Securities, the price of gold rose by Rs 17 to Rs 48,257 per 10 grams in the national capital on Thursday. The precious metal had closed at Rs 48,240 per 10 gram in the previous trading session.
Talking about silver, today it has increased by Rs 28 to Rs 59,513 per kg as against Rs 59,485 in the previous trade.
In this context, HDFC Securities Senior Analyst (Commodities) Tapan Patel said that the price of 24 carat gold in Delhi has increased marginally by Rs 17. In the international market, gold was trading at $ 1,815 an ounce, while silver was flat at $ 23.42 an ounce.
India is the second-largest buyer of gold
Gold imports in India increased to $ 3.7 billion in August from $ 1.36 billion in the same month last year. India is the second-largest buyer of gold after China. Gold attracts 12.5 percent import duty and three percent GST on gold in India.