AHMEDABAD: Gold and silver prices rose on the first day of the week in the Indian market. In the Ahmedabad bullion market, gold remained steady at Rs 52,700 per 10 grams. If silver saw an improvement of Rs 500 and the price of 1 kg was Rs. Reached the level of 63,000.
At the Delhi Bullion Market, gold rose by Rs 236 to Rs 51,558 per 10 grams. So, the price of 1 kg of silver has risen to Rs 62,775, which is an increase of Rs 376 compared to Saturday.
Stimulus packages in the US and seasonal demand in India for the upcoming festive season saw strong trend in gold-silver prices. Gold is currently trading at Rs 6,000 cheaper than its historically high level in the bullion market.
Gold is currently trading modestly higher at ર્ક 1930 per troy ounce in New York. Silver was up one per cent at .3 25.34 an ounce.
At the time of writing, gold for delivery at MCX in India rose by Rs 345 to Rs 51,162 per 10 grams. So silver December futures also rose by Rs 291 per 1 kg to Rs 63,175.
The Indian rupee strengthened against the dollar today on weakening Asian currencies. The rupee had lost 12 paise to close at 73.28 against the US dollar in early trade today. The Indian rupee opened higher against the dollar during the trading session today and touched a low of 73.06 during trading. However, the rupee weakened by 12 paise at the end of the session. Thus, the rupee’s ongoing rally over the last three sessions came to a halt today.