Gold Rate Today: Buying gold becomes expensive, silver prices also rise

Gold rose from Rs 263 to Rs 52,472 per 10 grams.

Gold rose from Rs 263 to Rs 52,472 per 10 grams. Due to this, gold had closed at Rs 52,209 per 10 grams in the previous trading session.

Gold on Friday in the Delhi bullion market with a strong global trend (Gold Price) It rose by Rs 263 to Rs 52,472 per 10 grams. HDFC Securities gave this information. Gold in the previous trading session (Gold Rate Today) Closed at Rs 52,209 per 10 grams. similar silver price (Silver Price) It also closed at Rs 67,707 per kg with a gain of Rs 500. Silver in the last trading session (Silver Rate Today) Closed at Rs 67,207 per kg. In the international market, gold rose to $ 1,952 an ounce, while silver remained almost unchanged at $ 24.45 an ounce.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said gold prices remained firm on New York-based commodity exchange Comex on Friday due to concerns over global growth due to high inflation.

Prices in futures trade

In the futures trade, gold prices have risen by Rs 187 to Rs 52,600 per 10 grams on Friday. On the Multi Commodity Exchange, contracts for June delivery were trading lower by Rs 187, or 0.36 percent, at Rs 52,600 per 10 grams. This is for a business turnover of 16,617 lots.

On the other hand, silver prices declined by Rs 135 to Rs 66,990 per kg in futures trade. On the Multi Commodity Exchange, silver contracts for May delivery fell by Rs 135, or 0.2 percent, to Rs 66,990 per kg. These prices are in a business turnover of 7,351 lots.

Gold and silver prices in Mumbai

At the same time, the price of gold in the Mumbai metropolis, which is called the financial capital of the country, has been at Rs 52,610 per 10 grams. The price of silver has reached Rs 67,184 per kg in the capital of Maharashtra.

Let us tell you that due to tensions between Russia and Ukraine, the slowdown in the global economy, and high inflation, gold prices may see a huge increase. It has been told in the report that according to experts, gold prices can touch the figure of Rs 55,000 this year. With this, gold can reach Rs 62,000 next year.