Gold-Silver Price Today: Gold price increased in wedding season, silver shine decreased, see latest price

New Delhi: With the beginning of the wedding season, gold prices rose for the third consecutive day due to buying in the domestic market. On Friday, the price of gold in the bullion market of the national capital Delhi jumped by Rs 700 and reached near the record high of Rs 82,000 per 10 grams. All India Bullion Association gave this information. Earlier on Thursday, the price of gold had closed at Rs 81,300 per 10 grams. The price of gold of 99.5 percent purity increased by Rs 700 to Rs 81,600 per 10 grams.

In the last trading session it had closed at Rs 80,900 per 10 grams. However, on Friday the price of silver fell by Rs 500 to Rs 93,500 per kg, which had closed at Rs 94,000 per kg in the previous trading session. On October 31 last year, gold of 99.9 percent purity and 99.5 percent purity had reached record levels of Rs 82,400 and Rs 82,000 per 10 grams respectively in the local markets.

Gold price increased due to high demand

Traders said that despite the weak trend in the international markets, there was a rise in the precious metal in the domestic market, mainly due to higher demand from jewelers. Globally, Comex gold futures fell by $ 21.10 an ounce to $ 2,729.80 an ounce. Kainat Chainwala, assistant vice president (commodity research) at Kotak Securities, said gold fell slightly below $ 2,750 an ounce ahead of US housing and industrial production data. Additionally, Comex silver futures fell by 1.47 percent at $31.26 an ounce in the Asian market.

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The price of silver had increased the previous day

HDFC Securities Senior Analyst Saumil Gandhi said market participants will keep an eye on key US macroeconomic data like retail sales and Philadelphia Fed Manufacturing Index due to be released on Thursday, which will provide further direction to bullion prices. Comex silver futures were also trading 1.28 percent higher at $31.94 an ounce in Asian market hours.