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Gold Price Today: Seeing the price of gold and silver, the head was dizzy, the prices rose again on Wednesday

Gold Rate- India TV Hindi News
Photo:FILE Gold Rate

The difficulties of those who buy gold are continuously increasing. After Diwali, the trend of price rise continues. Gold rose by Rs 320 to Rs 53,449 per 10 grams in the national capital on Wednesday amid a firm global trend and a depreciating rupee. In the previous trading session, gold had closed at Rs 53,129 per 10 grams. On the other hand, silver lost Rs 125 to Rs 62,682 per kg.

The rupee depreciated 66 paise to 81.57 against the American currency in early trade at the Interbank Foreign Exchange market amid a strengthening dollar overseas and a weak trend in the domestic equity market.

Dilip Parmar, Research Analyst, HDFC Securities said, “Effective domestic spot demand, weakening of the rupee and uptrend in the international market supported gold prices in the domestic market.” per ounce while silver declined to $21.68 per ounce.

Navneet Damani, Senior Vice President, Commodity Research, Motilal Oswal Financial Services said, “Gold prices held steady at a three-month high as prospects of a modest rate hike increased on signs of easing US inflation. While reports of two people being killed by Russian missiles in Poland raised demand for safe-haven assets.

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