On Tuesday, gold prices in the bullion market rose marginally by three rupees. At the same time, silver rose by Rs 451. According to HDFC Securities, the main reason for this was the fall in the value of the rupee and the fluctuation in the global market. In Delhi, gold prices rose by Rs 3 to Rs 50,114 per 10 grams. It closed for Rs. 50,111 on Monday.
Similarly, silver rose by Rs 451 to Rs 62,023 per kg. It had closed at Rs 61,572 per kg in the previous trading session. Tapan Patel, the senior analyst at HDFC Securities, said: "The spot price of 24-carat gold in Delhi rose by Rs. 3.
The fall in the value of the rupee and fluctuations in the gold price globally had an impact on the domestic market. The rupee depreciated by 12 paise against the dollar on Tuesday. "In the international market, gold was at $ 1,877 while silver was at $ 24.220 an oz."