Gold and silver prices registered a strong rise on Thursday. Due to domestic demand and positive global trend, the price of gold closed at Rs 72,500 per 10 grams on Thursday with a gain of Rs 550 in the Delhi bullion market. According to Bhasha news, gold rose for the third consecutive day, recovering from the sharp fall caused by the government’s budget announcement of reduction in customs duty on gold and silver. Gold closed at Rs 71,950 per 10 grams in the previous trading session.

Silver price

According to the news, the All India Sarafa Association said that the price of silver also closed at Rs 86,200 per kg with a gain of Rs 600. Its previous closing price was Rs 85,600 per kg. Meanwhile, the price of gold of 99.5 percent purity rose by Rs 550 to Rs 72,150 per ten grams. Its previous closing price was Rs 71,600 per 10 grams.

Gold in Comex globally

Mehta Equities Limited Vice President Rahul Kalantri said that due to the risk of further escalation of geopolitical tensions in West Asia, the price of safe investment option gold reached high levels during the Asian session. Globally, gold is trading at $ 2,490 an ounce in Comex, which is $ 17 an ounce higher than its previous closing price. Silver rose 0.65 percent to $ 29.13 an ounce in the international market, Comex.

Gold price in futures trading

The price of gold in futures trading on Thursday rose by Rs 415 to Rs 70,070 per 10 grams. The price of the contract for supply in the month of August in the Multi Commodity Exchange rose by Rs 415 i.e. 0.6 percent to Rs 70,070 per 10 grams. 19,584 lots were traded in it. Market analysts said that due to fresh buying by traders, gold futures prices rose. Globally, gold rose by 0.62 percent to $ 2,488.40 per ounce in New York.