New Delhi – For those looking to buy gold and silver at great prices, this is perhaps a good time to do so. Although gold prices rose marginally on Thursday, yellow metal prices are more than Rs 8,000 lower than rates compared to August.
On August 7, the price of gold posted a record sixteenth consecutive session, a record high of 57,008 rupees per 10 grams in the national capital. Silver also continued its upward movement, with the price hitting a record 77,840 rupees per kilogram.
Meanwhile, gold prices on Thursday rose marginally by Rs 17 to Rs 48,257 per 10 grams in the national capital on Thursday. In previous trading, the precious metal had closed at Rs 48,240 per 10 grams.
Silver prices also rose 28 rupees to 59,513 rupees per kilogram from 59,485 rupees per kilogram in the previous trade.
On the international market, gold traded with gains at USD 1,815 an ounce, while silver was trading unchanged at USD 23.42 an ounce.
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In future trading, gold prices rose 227 rupees to 48,740 rupees per 10 grams in futures trading on Thursday as speculators created new positions in firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery were trading higher at Rs 227, or 0.47 percent, at Rs 48,740 per 10 grams on a trade turnover of 3,003 lots.
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