Gold-Silver Price: The prices of gold and silver continue to rise. The prices of both the precious metals also suffered sharply on Friday. In the Delhi bullion market, gold rose by Rs 294 to close at Rs 51,236 per 10 grams on Friday. According to the news of PTI, HDFC Securities gave this information. Due to this, gold had closed at Rs 50,942 per 10 grams in the previous trading session.
Silver also increased by Rs 523 to Rs 62,577 per kg. Silver had closed at Rs 62,054 per kg in the previous trading session. Gold and silver prices in the international market remained almost unchanged at $ 1,866 an ounce and $ 22.35 an ounce, respectively. The spot price of gold declined marginally to $ 1,866 an ounce, due to which the price of gold remained stable.
Gold futures prices rise
Due to strong spot demand, speculators created fresh positions, due to which gold (Gold Price on 3 June 2022) on Friday rose by Rs 57 to Rs 51,326 per 10 grams in the futures market. On the Multi Commodity Exchange, gold for delivery in June rose by Rs 57, or 0.11 percent, to Rs 51,326 per 10 grams. It traded for 14,427 lots. Market analysts said setting up of fresh positions by participants led to the rise in gold futures. International trade gold prices fell 0.13 per cent to Rs 1,869 an ounce in New York.
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Silver futures jump
Silver prices on Friday rose by Rs 310 to Rs 62,646 per kg in futures market as traders increased their positions on strong spot demand. On the Multi Commodity Exchange, silver for delivery in July rose by Rs 310, or 0.5 per cent, to Rs 62,646 per kg. It traded for 10,978 lots. Market analysts said that the rise in silver futures was due to a bullish trend in the domestic market, mainly due to buying of fresh positions by the traders. Globally, silver rose 0.29 per cent to $22.34 an ounce in New York.