Gold becomes expensive, silver crosses 70 thousand

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Gold and Silver Prices Today: Due to a rise in gold prices worldwide and a weakening rupee, gold prices have risen in the local market today, Monday, March 7th. The price of gold has risen to Rs 1,298 per 10 grams today. Gold became more costly in the Delhi bullion market as a result of the boom, reaching a price of Rs 53,784 per ten kilos. Tapan Patel, Senior Analyst (Commodities), HDFC Securities, provided this information. Gold prices in the Delhi bullion market ended at Rs 52,486 per 10 kilos the day before.

The price of silver in the Delhi bullion market today surged in tandem with the price of gold. Today’s price increased by Rs 1,910 per kilogram. Today, the price of silver in the Delhi bullion market hit Rs 70,977 per kg as a result of this increase. Silver had ended at Rs 69,067 per kilogram in the Delhi bullion market the day before.

The rupee dropped 84 paise to an all-time low of 77.01 per dollar (tentative) versus the dollar on Monday as tensions in Russia and Ukraine worsened and investors fretted about rising crude oil prices. Gold was selling at $ 1,996 an ounce on the international market, while silver was nearly unchanged at $ 25.81 an ounce. “Gold prices hit $2,000 an ounce on Monday owing to the worsening of the situation between Ukraine and Russia,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said. Senior Vice President (Commodities) of Motilal Oswal Financial Services said. “The price of gold is fast rising, reaching $ 2,000 per ounce,” said Navneet Damani of Navneet Damani Research. Investors are looking to safer investing opportunities as the Russia-Ukraine situation worsens.

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Hello, My Name is Arpit Mishra. A Full-Time Blogger, Affiliate Marketer, and Founder of I am Passionate About Blogging and Content Writing.