Gold Silver Price, 28 October 2021: Gold prices registered an increase on Thursday after two consecutive days of decline. At the same time, the price of silver decreased today. According to experts, the effect of mixed signals from the international markets is visible on the Indian bullion markets.
New Delhi. In the Indian bullion market, after two days of decline in the price of gold between the festivals, today i.e. on 28 October 2021, the momentum has returned. With this, it has again crossed the level of Rs 47 thousand per 10 grams (1 weighed). On the contrary, there was a fall in the prices of silver today and it remains below Rs 64 thousand per kg. During the last trading session, gold had closed at Rs 46,938 per 10 grams in the Delhi bullion market. On the other hand, silver closed at Rs 63,970 per kg. In the international market too, the price of gold rose today, while the price of silver remained the same.
New gold prices
In the Delhi bullion market, gold prices rose by Rs 112 per 10 grams on Thursday. Due to this, the price of 99.9 grams of purity gold again rose above Rs 47 thousand to close at Rs 47,050 per 10 grams in the national capital. Still, gold is getting cheaper by Rs 9,150 per 10 grams from its peak during the festive season. In fact, in August 2020, gold touched the highest level of Rs 56,200 per 10 grams. At the same time, gold prices were registered in the international market today and they reached $ 1,803 an ounce.
New silver prices
There was a decrease in the prices of silver today, unlike gold. Due to this, this precious white metal remained under Rs 64 thousand per kg. Silver prices on Thursday declined by Rs 203 to close at Rs 63,767 per kg in the Delhi bullion market. At the same time, there was no significant change in the price of silver in the international market today and it reached $ 24.12 an ounce.
Why did gold rise
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that today there was a rise in the price of gold on Comex. At the same time, due to the signals received from the international market, the price of gold has increased. Apart from this, due to the fall in American Bold Yield, the price of gold has also increased. Gold prices are making up for past losses.
