Gold Price On 21 Dec: Heavy Rise In The Spot Price Of The Gold
Gold Price on 21 Dec: Heavy rise in the spot price of the gold, tremendous rise in silver, know what has happened.
In the domestic bullion market on Monday, both gold and silver precious metals have recorded a huge jump. According to HDFC Securities, the spot price of gold in the national capital Delhi has increased by Rs 496 on Monday.
The rate of gold has increased to Rs 50,297 per 10 grams. According to securities, the rise in gold prices was recorded at the domestic level due to the rise in the international level and the fall in the rupee.
Significantly, gold had closed at Rs 49,801 per 10 gram in the previous session. At the same time, a sharp rise in the spot prices of silver was recorded on Monday.
The price of silver has risen by Rs 2,249. The price of silver has increased to Rs 69,477 per kg. Significantly, silver had closed at Rs 67,228 per kg in the previous session.
The Indian rupee was trading 17 paise lower at 73.73 against the dollar in early trade on Monday.
Talking about the international market, gold appeared to trade at $ 1,898 an ounce on Monday. At the same time, silver also appeared to trade at $ 26.63 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that due to the rise in cases of coronavirus infection, the confidence arising from the delivery of the corona vaccine is weakening.
Due to this, the prices of gold are increasing.
He further said that the UK has imposed strict lockdown restrictions as a new type of coronavirus infection arrives in the UK.
He said that due to restrictions in Europe and other parts of the world, concerns about economic recovery may arise. On Monday, several Asian and European stock markets, including India, have seen a sharp decline.
Stock Market Open: Tremendous fluctuations in domestic stock markets in early trading; Sensex breaks after climbing over 380 points
On Tuesday, there were tremendous fluctuations in the opening trade on the domestic stock markets.
Sensex, a 30-share sensitive index of the BSE, opened marginally lower on Tuesday, but after that, it saw tremendous gains and in early trade, it gained 384.44 points to 45,938.40 points.
However, Sensex soon saw a decline due to profit-booking pressure. At 09:42 am Sensex was trading at 45,239.99, down 313.97 points, or 0.69 percent.
Similarly, NSE Nifty was trading at the level of 13,231.40 points with a fall of 97 points i.e. 0.73 per cent at 09:52 am.
