Gold has also registered a sharp rise on the second business day of the week.
Gold Silver Price, 12 January 2021: Gold prices in the domestic market recorded a sharp rise even today. At the same time, silver (Silver Prices Today) became expensive by Rs 1,404 per kg. According to experts, due to increase in cases of corona virus again, investors are investing money in gold as a safe investment option. Therefore, the price of precious yellow metal is increasing.
- January 12, 2021, 5:09 PM IST
New Gold Prices (Gold Price, 12 January 2021)
On Tuesday, the price of gold in Delhi bullion market rose by Rs 297 per 10 grams. In the capital Delhi (Delhi), the new price of gold of 99.9 grams purity has now been Rs 48,946 per 10 grams. Earlier in the trading session, gold had closed at Rs 48,649 per 10 grams. At the same time, the price of gold in the international market rose to $ 1,858 an ounce today.
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Silver also recorded an increase on Tuesday. Today, silver prices recorded a steep rise of Rs 1,404 per kg in Delhi Bullion Market. Now its price has reached Rs 65,380 per kg. In the international market today, the price of silver closed at $ 25.39 an ounce.
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Why gold and silver rose
According to HDFC Securities Senior Analysts (Commodities), investors have become cautious in view of the growing cases of corona virus growing worldwide. In such a situation, they are investing capital in gold as a safe investment option. Due to Kovid-19, there is an atmosphere of concern among investors about the return of the global economy. Due to this, prices of gold and silver are being recorded fast.