HomeCURRENT AFFAIRSBUSINESSKnow Silver and Gold price: Things to keep in mind before buying

Know Silver and Gold price: Things to keep in mind before buying

Silver, Gold Price Today: The price of gold in the national capital Delhi rose by Rs 137 to Rs 47,311 per 10 grams on Wednesday. According to HDFC Securities, the reason for this has been the fall in the rupee. In the previous trade, the precious metal has touched Rs 47,174 per 10 grams. However, silver fell by Rs 160 to Rs 63,482 per kg. In the previous trade, silver was at Rs 63,642 per kg.

The rupee on Wednesday fell 32 paise to 74.37 against the US dollar. In the international market, gold was trading lower at $ 1,827 an ounce and silver was flat at $ 24.30 an ounce.

Tapan Patel, Senior Analyst (Commodities) at HDFC Securities said that gold prices were trading on weakness along with spot gold price on Comex Trading. He further said that gold prices were trading under pressure with a stronger dollar and rise in US bond yields.

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In Maharashtra’s capital Mumbai, gold stood at Rs 48,120 per 10 grams, while silver is available at Rs 64,692 per kg. At the same time, the price of gold in Kolkata is Rs 49,000 per 10 grams. Whereas, in the capital of West Bengal, silver can be bought at a price of Rs 65,000 per kg.

In futures trade, gold prices fell by Rs 32 to Rs 48,255 per 10 grams on Wednesday. On Multi Commodity Exchange, Gold for delivery in December is trading lower by Rs 32 or 0.07 per cent at Rs 48,255 per 10 grams, for a business turnover of 7,685 lots.

On the other hand, silver prices rose by Rs 215 to Rs 64,785 per kg in futures trade on Wednesday. On the Multi Commodity Exchange, silver contracts for December delivery traded higher by Rs 215, or 0.33 per cent, at Rs 64,785 per kg in business turnover of 2,188 lots.

Right now the real gold buying season is going on. If you are also planning to buy, then definitely consider some important things. First of all, the jewelery or gold product you are buying, definitely check the hallmarking on it. This is the first step which ensures that your purchase is correct and you are paying at the right place. The second thing is about the bill. Don’t do any purchase without bin because later the same shopkeeper may deny that you have taken goods from him.

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