Silver price jumped by Rs 400 and crossed Rs 75000, know the rate of gold before buying.

By Sudhakar Yadav February 12, 2024 6:57 PM IST
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weak global signals On Monday, the price of gold remained stable at Rs 63,150 per 10 grams in the bullion market of the national capital. HDFC Securities gave this information. Silver price rose by Rs 400 to Rs 75,400 per kg. In the last trading session it was Rs 75,000 per kg. Saumil Gandhi, Senior Analyst (Commodity), HDFC Securities, said that spot prices of gold (24 carat) in Delhi markets stood at Rs 63,150 per 10 grams, which is unchanged from the previous closing price.

Gold futures prices fall

Amid weak spot demand, speculators reduced the size of their deals, due to which the price of gold fell by Rs 34 to Rs 62,260 per 10 grams in futures trade on Monday. On the Multi Commodity Exchange, the price of the contract for delivery in the month of April fell by Rs 34, or 0.07 percent, to Rs 62,260 per 10 grams. 13,752 lots were traded in this. Market analysts said the fall in gold futures prices was due to trimming of positions by traders.

At the same time, due to traders increasing the size of their deals amid strong spot demand, the price of silver rose by Rs 722 to Rs 71,496 per kg in futures trade on Monday Friday. On the Multi Commodity Exchange, the price of silver contract for delivery in March rose by Rs 722, or 1.02 percent, to Rs 71,496 per kg. 26,598 lots were traded in this.

Weakness in the international market

In the international market Comex, spot gold fell by two dollars at $ 2,022 an ounce, while silver was trading with a slight rise at $ 22.80 an ounce.

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