Gold prices have increased in Lucknow bullion market due to increased demand for gold. On October 4, the price of 24-carat gold rose to Rs 110 per ten grams, while traders were upset with the silver rate remaining stable. Gold prices opened higher in Lucknow Sarafa market today. While silver held steady at 61200. Let us tell you that the price of 24 carat gold rose by Rs 110 per 10 grams to open at Rs 53780, while silver registered a stability per kg.
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24-carat gold rate opened at 53780 rupees. Silver has opened at a price of Rs 61200 per kg. Investors are also keeping an eye on the rate at which gold and silver are closed in the evening. Similarly, there was disappointment on the face of customers due to increase in the price of 22 carat gold. The price of 22 carat gold has increased by 100 rupees per ten grams, which has increased its price to Rs 49300. There has been a feeling of uneasiness in the bullion market due to the increased prices.
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Let us know that on Friday, gold price in Indore bullion market was recorded at Rs 225 per 10 grams and silver price rose by Rs 550 per kg. In spot trade, gold sold 51,300 in high, Rs 51,200 per 10 gram in low and silver 59,100 in high and Rs 59,000 per kg in low.
On the other hand, in the bullion market, on Thursday, gold closed marginally higher by Rs 37 to close at Rs 51,389 per ten gram in the bullion market. HDFC Securities has given this information. However, due to the strengthening of the rupee, there was some curb on the bullion rally. The closing price of gold was Rs 51,352 per ten gram on the previous trading day. However, silver declined by Rs 915 to Rs 61,423 per kg as against Rs 62,338 per kg on Wednesday.
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HDFC Securities Senior Analyst (Commodity Market) Tapan Patel said, “There was some curb on gold’s gains due to the rise in the value of the rupee, but despite this, Delhi recorded a gain of Rs. 37 in the 24-carat gold spot.” The rupee gained 63 paise to close at 73.13 against the US dollar on Thursday due to the rise in the domestic stock market and weak US dollar. In the international market, gold gained $ 1,895 an ounce, while silver remained unchanged at $ 23.60 an ounce. Patel said that gold rose on Thursday due to uncertainty about the US stimulus package and fluctuations in the dollar.