New Delhi. Gold Rate Today: Gold rose by Rs 320 to Rs 53,449 per 10 grams in the bullion market of the national capital on Wednesday amid a strong global trend and a fall in the rupee. HDFC Securities gave this information. In the previous trading session, gold had closed at Rs 53,129 per 10 grams. On the other hand, the price of silver fell by Rs 125 to Rs 62,682 per kg.
The rupee depreciated by 66 paise to 81.57 against the American currency in early trade at the Interbank Foreign Exchange market amid a strengthening of the dollar in overseas markets and a weak trend in the domestic equity market.
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boom in international market
HDFC Securities Research Analyst Dilip Parmar said better domestic spot demand, weakening rupee and uptrend in international market supported gold prices in the domestic market. In the international market, gold rose to $1,777.56 an ounce while silver declined to $21.68 an ounce.
Navneet Damani, Senior Vice President, Commodities Research, Motilal Oswal Financial Services, said gold prices held steady at a three-month high, while signs of easing US inflation increased prospects of a modest rate hike. The demand for safe-haven assets increased amid reports that two people were killed by Russian missiles in the US.
Increased base import on gold and silver
Along with palm oil, the government has also increased the base import price on gold and silver. The base import price of gold has been increased from $531 per 10 grams to $570 per 10 grams. At the same time, the base import price of silver has been increased by $ 72, which has now increased to $ 702 per kg. Till now it was $630 per kg.
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Tags: 22 carat gold, Gold Price Today, price of silver
FIRST PUBLISHED : November 16, 2022, 19:48 IST
