In the overseas market, spot gold prices increased by 0.6% to cost $1,645.00 per ounce. So just when you thought it was gold that stood the test of times as a most sought after commodity, you will be mistaken. The prices of silver also declined by 8% around the same time. On 24 February, the price of gold was $1,692 per ounce and then slipped till the end of the month. The easing of the tensions between Iran and the US ensured that the prices of gold reduced after 8 January. The value of gold was recorded at $1,568 per ounce, while silver was trading at $17.71 per ounce. Silver price in India for March 2021. According to HDFC Securities, the prices of the yellow metal fell by Rs.141 and were at Rs.48,509 for 10 grams. With the hope for potential vaccines for COVID-19 rising in the market, risk appetite amongst investors is at a high. Silver recorded its lowest price for the month on 24th September when a kilo cost Rs.58,500 in the national capital. In the previous session, gold prices had closed at Rs.51,049 per 10 grams. According to the Head – Advisory of HDFC Securities, Devarsh Vakil, the prices of gold reduced after Iran and the US stepped back to avoid a deeper military conflict. In New Delhi, the price of 22-carat gold increased to Rs.47,050 per 10 gm but prices decreased in Chennai to Rs.45,260. After 3 sessions of gain in India, the price of gold has finally slacked. The US dollar index was higher against other currencies. The prices of gold and silver fell before the start of Dhanteras and Diwali when people traditionally buy jewelry. The value of the rupee advanced by 22 paise against the dollar and touched Rs.71.48. 79.20/- on 01-Feb-2021 and Rs. Prices of the white metal rose Rs.751 to Rs.63,127 per kilogram from Rs.62,376 per kilogram on Tuesday. Silver Rate Today (06 March 2021): Get current updates on last 10 days Silver Price in India per gram/kg Indian rupees. Gold prices were also down on Thursday. Always buy one with a proper purity stamp. Silver price in Delhi opened the month of September at Rs.76,500 per kg. On Monday, the prices of silver in the national capital had risen by Rs.465 to Rs.36,308 per kg in the futures trade. The metal had previously closed at Rs.50,822 per 10 grams. Investors moving back to the bullion market and the several measures introduced by the US Federal Reserve to help the economy made sure that silver prices did not drop. However, on 18 April, silver prices plummeted heavily to Rs.41,210 per kg with reports of a possible treatment for COVID-19. On the Multi Commodity Exchange (MCX), May silver futures fell by 0.26 percent to cost Rs.43,206 per kg. Uh-oh! However, amidst the lowering prices of the metal, silver, on 21 April hit its highest price of the month and the week at Rs.42,710 per kg with the reports of a possible virus being deemed as false. The silver rates had also been higher in the Indian markets. Gold & Silver Price Change in Delhi. 08/03/2021. The metal’s earlier closing price was Rs.54,870 per 10 grams. The lowest price charged for the metal was recorded on 1st and 13th of August with a kilogram costing Rs.65,010. The drop in price of gold and silver in the international commodity market is owing to the fact that the economic data in the United States of America (USA) boosted the US Dollar (USD). Gold prices, which been below Rs.51,000 per 10 gram, had increased and tracked positive trend. The price of gold increased by Rs.122 to Rs.51,989 per 10 grams in New Delhi on Tuesday as the value of the rupee appreciated against the dollar. In the previous session, the prices of the white metal were at Rs.65,976 per kg. Like silver, the prices of gold also reduced in the country after hitting record highs in the last session. On the Multi Commodity Exchange, December gold futures increased by 1.46% to Rs 48,486 per 10 gm. With a rebound in rupee against the US dollar and a decline in the global markets, silver prices fell sharply in the country. With the number of new COVID-19 cases increasing all over the world, risk appetite amongst investors and safe-haven demand of the white metal increased. The national capital, with its vast population, is a major driver for silver sales in the country. Silver price closed the month of September at Rs.62,500 per kg. Silver price forecast at the end of … Several measures have been introduced by Central Banks all over the world to help the economy that has been affected due to the coronavirus outbreak. The rate of silver also showed a substantial incline by Rs.1,322 to Rs.68,156 per kg compared to its previous closing price of Rs.66,834 per kg. Towards the end of the month, it surged to around Rs. The rise in prices was majorly due to a positive trend seen in the international market. Chennai: For 22-carat gold, you will have to take out Rs 42,660 per 10 grams, while for 24-carat gold the cost isRs 46,540. Silver prices were trending at Rs.66,700 per kg. The buying interest ensured that the prices of the white metal increased in Delhi. The price of gold increased marginally for both 22-karat and 24-karat gold by Rs.10. Sterling silver alloy is the best quality silver which is only 7.5% copper or other metals and 92.5% pure silver. In the international market, gold prices were trading lower at $1,916 per ounce and silver prices were trading flat at $27.07 per ounce. On 1 February, the price of the metal opened at Rs.50,300 per kg and decreased in the first week as the Central Bank in China liquidated funds to stabilise their economy amidst rising Coronavirus concerns. The trend for top cities in the country differs due to various factors. Model Overview Book New Cars Pre-Owned. However, silver price in Delhi fluctuated and dipped marginally in the second week of the month when China’s medical advisor mentioned that the virus outbreak could be over by April. The hike in prices had been driven by the investors and participants widening their bets amidst a very strong and firm trend in the international silver market. Silver Rate in New Delhi View Gold Rate | View Platinum Rate Globally, the rates held firm at $1,728 per ounce as growing virus cases in Beijing and the United States drew investors’ attention to safer assets. With this, and the continuous rise in cases and deaths due to COVID-19, investors shifted back to the bullion market. Like silver, gold futures prices also jumped in the national capital. In the city of New Delhi, the value of 22-karat gold was Rs.47,910 per 10 grams and 24-karat gold was priced at Rs.49,110 per 10 grams. Silver prices in Delhi closed for the month at Rs.61,000 per kg, showing a monthly performance which was on an overall incline of 0.49%. In the international market, gold prices increased to $1,954 per ounce and silver traded at $26.81 per ounce, increasing due to growing concerns over global economic growth. At the same time, the investors wait for times when dollar comes down from strong to average by searching bargain prices for their purchases. The rates fluctuated in Delhi over the month and recorded its lowest on 16th June with a kilo being retailed for Rs.47,110. In Kolkata, silver remained at Rs 65,420 per kg. That’s why Silver price in Delhi offers extensive investment avenues in various forms such as silverware, coins, utensils and so on. The month of May saw its delivery for the white metal trading higher by Rs.616 (1.39%) at Rs.45,019 per kg in 8,697 lots. Tapan Patel, a Senior Analyst (Commodities) at HDFC Securities said that spot gold for 24 karat in Delhi was down by Rs.112 due to weak spot demand in global gold prices. Prices of Gold and silver dropped on MCX by 0.14% to Rs.50426 per 10 grams, while silver futures slipped 0.06% to Rs.60100 per kg. Gold prices in India increased as well, tracking international markets.
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