Rupee weak against dollar, gold and silver expensive in domestic market

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New Delhi is the capital of India (PTI). On Wednesday, the price of gold in the country’s capital, New Delhi, increased by Rs 435 to Rs 52,941 per 10 kilos. Domestic bullion prices remained solid, according to HDFC Securities, due to the rupee’s weakening and the worldwide market’s surge. Gold was recently traded at Rs 52,506 per 10 grams in the previous trading session. On Wednesday, the price of silver in the local bullion market increased by Rs 1,331 to Rs 69,179 per kg. Silver was recently traded at Rs 67,848 per kilogram in the last trading session. The price of gold has risen to $ 1,974 per ounce, thanks to a surge in the worldwide market. The price of silver, on the other hand, stayed unchanged.

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On Wednesday, the Indian rupee fell 3 paise versus the US dollar in the currency market. Rs 76.18 was the price of a dollar. On Wednesday, gold trading was up 0.34 percent in the spot market of the New York-based commodity exchange Comex, according to Dilip Parmar, the Retail Research Analyst at HDFC Securities.

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