New Delhi. In the Indian bullion market today i.e. on July 29, 2021, there was a good increase in the price of gold after several days of decline. Due to this, gold reached near Rs 47 thousand per 10 grams. At the same time, a rise of more than Rs 1200 was recorded in the price of silver today. With this, silver crossed Rs 66 thousand per kg. During the last trading session, gold had closed at Rs 46,610 per 10 grams in the Delhi bullion market. At the same time, silver closed at Rs 64,994 per kg. Today, the price of gold and silver has increased in the international market.
new gold price
In the Delhi bullion market, gold prices rose by Rs 382 per 10 grams on Thursday. Due to this the precious yellow metal reached near Rs 47 thousand per 10 grams. In the capital Delhi, the new price of gold of 99.9 grams of purity today closed at Rs 46,992 per 10 grams. In the international market, the price of gold rose to $ 1,817 an ounce today.
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new silver price
There was a sharp rise in the price of silver today. Silver prices on Thursday rose by Rs 1,280 to close at Rs 66,274 per kg in the Delhi bullion market. At the same time, there was a jump in the price of silver in the international market today and it reached $ 25.42 an ounce.
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Why did the price of gold rise
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that gold prices jumped in the Delhi bullion market due to the rise in prices on the New York-based commodity exchange. At the same time, Navneet Damani, VP Commodities Research, Motilal Oswal Financial Services, said that the increase in rates by the US Federal Reserve put pressure on the dollar. Due to this, investors preferred to invest in the safest option gold and a jump in the price was recorded.
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