New Delhi: Gold and silver spot prices recorded a decline in the domestic bullion markets on Thursday. According to HDFC Securities, the price of gold in the national capital Delhi has fallen by Rs 274 per 10 grams on Thursday. With this, the price of gold has closed at Rs 47,185 per 10 grams in Delhi on Thursday. Significantly, on Wednesday, the price of gold closed at Rs 47,459 per 10 grams in Delhi.
In the domestic spot market, along with gold, silver prices have also fallen. On Thursday, the price of silver has fallen by Rs 542 per kg. The price of silver has come down to Rs 49,558 per kg. Significantly, on Wednesday, silver had closed at Rs 50,100 per kg.
HDFC Securities Senior Analyst (Commodity) Tapan Patel said the 24-carat gold spot price in Delhi was also trending down by Rs 274 per 10 grams on Thursday. He said that after the fall in global gold prices, the price in the domestic market has come down.
Patel informed that retail jewelery stores are also opening gradually in India. Significantly, the domestic bullion markets reopened in the national capital on Monday after being closed for a long time due to the lockdown. The bullion markets were closed due to the lockdown implemented across the country from March 25 to prevent infection of the corona virus epidemic. Lockdown restrictions are now significantly relaxed.
Talking about the global market, gold was trending up on Thursday evening. According to Bluecomber, the global futures price of gold was up 0.35 per cent or $ 6 to $ 1,710.80 an ounce on Comex and the global spot price of gold was up 0.45 per cent or $ 7.67 to $ 1,707.34 an ounce.
On silver, the global futures prices rose by 0.15 per cent or $ 0.03 to $ 17.99 an ounce on Thursday evening and the spot was trading up by 0.17 per cent or $ 0.03, at $ 17.68 an ounce.
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