There has been a historic jump in gold prices. For the first time, the price of gold has crossed 83 thousand rupees per 10 grams. On Friday, gold prices in the national capital continued to rise in the 8th consecutive trading session.
According to the bullion market, the price of gold has increased by Rs 200 and for the first time it has crossed the level of Rs 83,000 per 10 grams. The price of gold with 99.9 percent purity has now reached a new all -time highest level of Rs 83,100 per 10 grams.
On Thursday, it closed at Rs 82,900 per 10 grams. Senior analyst of commodities of HDFC Securities, Sumil Gandhi said, “Gold continued on Friday and gold in the domestic market reached a new all -time high level.”
Apart from this, silver rose by Rs 500 to Rs 94,000 per kg on Friday. In the last trading session, this white metal closed at Rs 93,500 per kg.
Kayanat Chanwala, AVP-modal research of Kotak Securities, said that investors are expected to monitor the flash PMI for early signs of economic activity in major global economies. Also, American housing data is expected to be monitored for further information about the state of the economy.