- Rising gold prices in the international market
- Prices jump domestically with the Global Effect
- The dollar weakened with the Christmas holidays
- Globally gold is $ 1,807 an ounce
Silver also ran in the path of gold. The KG Silver rate rose by Rs 400 to Rs 62,300. Silver was trading at Rs 61,900 per kg in yesterday’s trade. In Hyderabad too, 10 gram gold of 22 carat rose by Rs 200 to Rs 45,350. Silver rose by Rs 400 to Rs 66,200 per kg. This effect on our bullion markets was due to the rise in gold and silver prices in the international market. Gold traded at $ 1,807 an ounce in international trade. Silver is quoted at $ 22.87 an ounce.
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HDFC Senior Analyst (Commodities) Tapan Patel said gold prices were trading at $ 1,807 an ounce in Comex trading. As the dollar weakened during the Christmas holidays, gold was reported to have blown up. US bond yields also fell.
Gold prices in Mumbai and Kolkata ..
10 grams of gold is priced at Rs 47,500 in Kolkata, the capital of West Bengal. At the same time, a kg of silver is quoted at Rs 62,300. In Mumbai, 10 gram gold rose to Rs 47,300 per kg. Silver rose to Rs 62,300 per kg.
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