With the recent trend of Gold and Silver prices increasing rapidly in India, an alarming surge was observed on Friday, declaring it to be the highest in recent times as per HDFC securities.
On Friday, Gold was valued at the cost of Rs. 57,008 per 10 grams in the national capital, emphasizing a rise by Rs 6 from its closing rate on Thursday.
While Silver reached an alarming Rs. 77,840 per kg on Friday, implying a good jump of Rs.576 from its closing price Rs.77,264 per kg on Thursday.
In stark comparison to the Indian market, Gold and Silver prices have been trading at comparatively lower rates in the international scenario at Gold and Silver being USD 2061 per ounce and USD 28.36 per ounce.
According to the Motilal Oswal Financial Services VP Navneet Damani, it is just “another day, another all-time high for gold and Silver. Both the metals are just jumping numbers with still a lot of steam left in them”.