New Delhi: With the government’s announcement to open the international bullion exchange in the country, gold in Delhi bullion market today shone by Rs 350 to reach the all-time record level of Rs 42,370 per ten grams. Silver also shone by Rs 500 to Rs 48,200 per ten grams. The prices of both precious metals have risen for the third consecutive day.
Finance Minister Nirmala Sitharaman, while presenting the budget for FY 2020-21 in Parliament on Saturday, said that the International Bullion Exchange will be opened in the ‘Gift City’ of Gujarat. The bullion market gained momentum due to this announcement by the government. It is noteworthy that India is in the top two gold consuming countries of the world along with China.
In the local market, gold standard shone by Rs 350 to reach a record Rs 42,370 per ten grams. Sona Bitur was also up by Rs 42,200 per ten grams. Sovereign with eight grams also sold by Rs 100 to Rs 30,900.
Silver spot gained Rs 500 to Rs 48,200 per kg. Silver futures also rose by Rs 502 to Rs 46,950 per kg. Coin buying and selling remained stable at Rs 970 and Rs 980 per unit respectively on the previous day. Today, the prices of both precious metals were as follows: – Gold Standard Rs 42,370 per 10 grams, Gold Bitur Rs 10, 42,200 rupees, Silver Spot Rs 48,200 per kg, Silver futures Rs 46,950 per kg, Coin buying Rs 970 per unit, Coin selling. Rs 980 per unit, Sovereign Rs 30,900 per eight gram.