Gold Silver Price Today | Due to the fall in the rupee, gold and silver also rose expensive

 

On Monday, October 12, 2020, gold and silver became expensive in the domestic market due to the depreciation of the rupee against the dollar. Today, the price of gold rose by Rs 240 to Rs 52,073 per 10 grams. Talking about silver, silver rose by Rs 786 and its price rose to Rs 64,927 per kg. In the international market, gold was trading at $ 1,925 per ounce, while silver was at $ 25.26 an ounce.

 

The 24-carat gold price in Delhi rose by Rs 240 due to the fall in the rupee. It is to be noted that in the interbank foreign exchange market, the rupee fell 12 paise to close at 73.28 per dollar on Monday. The rupee has come down after registering gains for three consecutive trading sessions. However, the rupee opened strongly in early trade. Meanwhile, the dollar index, which showed the dollar's position against the six currencies, rose 0.11 per cent to 93.15.

 

On Friday, October 9, 2020, gold rose by Rs 236 to Rs 51,558 per 10 grams in the national capital. Silver was up by Rs 376 to Rs 62,775 per kg. In the international market, gold and silver traded at a profit of US $ 1,910 per ounce and the US $ 24.27 per ounce respectively.

 

The Reserve Bank of India has fixed the issue price of Sovereign Gold Bonds at Rs 5,051 per gram. The series of Sovereign Gold Bond Scheme 2020-21 - will be open for seven subscriptions from October 12 to October 16, 2020. The RBI said in a statement, 'The value of the bond is Rs 5,051 per gram based on the average closing price of 999 purity gold in the last three trading days of the previous week from the subscription term'.