Gold rose by Rs 230, silver strengthened by Rs 700

Amid the rise in the prices of precious metals in the global markets, the price of gold rose by Rs 230 to Rs 72,250 per 10 grams in the Delhi bullion market on Monday. In the last session, gold had closed at Rs 72,020 per 10 grams.

During this period, silver also rose by Rs 700 to reach Rs 84,300 per kg. In the last trading session it had closed at Rs 83,600 per kg. According to Saumil Gandhi, Senior Analyst (Commodity), HDFC Securities, the spot price of 24 carat gold in Delhi markets increased by Rs 230 to Rs 72,250 per 10 grams. In foreign markets, the spot price of gold on Comex rose by $ 11 to $ 2,312 an ounce. During this period, the price of silver also increased to $ 27.05 per ounce. In the previous session, silver had closed at $ 26.55 an ounce.