The price of gold has crossed into week high rate and has taken the surge of Rs 53 which has to lead to the gold pricing at Rs 43,000. The silver was reported to be priced at Rs 41,910 per kg.
Spot gold was trading at $1,727.59 per ounce, as of 0042 GMT, having touched its highest since Nov. 2012 at $1,746.50 in the previous session. US gold futures fell 0.9 percent to $1,752.20 an ounce.
In Delhi, 22-carat gold is priced at Rs 43,540 per 10 grams. The silver price has touched Rs 41,910.
In the capital city of Karnataka, 10 grams of gold is priced at Rs 40,520. Documented. Similarly, 1kg of silver is priced at Rs 41,910.
The price of 22-carat 10-gram gold in commercial city Mumbai was Rs 43,455. The silver rate is Rs 41,910.
Increasing yellow metal prices in major cities of the country – a sloppy snake ladder game. The silver rate is also fluctuating. The price of gold and silver is determined by the international trend, the import duty on gold and the rupee against the dollar.
The retreat from riskier assets followed the International Monetary Fund’s prediction on Tuesday that the global economy may shrink by 3 percent in 2020 due to the virus outbreak, in the worst downturn since the Great Depression of the 1930s.
