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Gold and silver prices recovered on Thursday. On Thursday, while gold rose by Rs 487 per ten grams, silver prices also saw a strength of Rs 426.
On Thursday, gold is being sold at Rs 52,566 per ten grams, rising by Rs 487 in the national capital Delhi. According to HDFC Securities, the recovery in gold prices in the international market and the weakening of the rupee against the dollar led to the rise in gold prices.
In the last trading session, gold was trading at Rs 52,079 per ten grams.
On Thursday, along with gold, silver prices also saw a rise. In the capital Delhi, silver is getting stronger by Rs 426 and is selling at Rs 58,806 per kg.
On Thursday, the fourth trading day of the week, the rupee weakened by 36 paise to Rs 79.51 against the US dollar. According to experts, the reason for this is disappointing macroeconomic data and increasing tension between the US and China over the issue of Taiwan.
In the international markets, gold is trading strong at the rate of USD 1774 per ounce. At the same time, silver is trading at the rate of US $ 20.12 an ounce in the global market. According to Tapan Patel, Senior Analyst (Commodities) HDFC Securities, gold is trading 0.58% higher on the Commodity Exchange (COMEX) along with the spot gold price at $ 1774 an ounce.