Gold, silver costs proceed to climb; contact file ranges


New Delhi, August 7

Gold value surged for the 16th straight session on Friday and touched an all-time excessive of Rs 57,008 per 10 grams within the National Capital, in line with HDFC Securities.

Silver too continued its upward motion, with the value touching a record-high of Rs 77,840 per kilogram. Silver value jumped by Rs 576 in comparison with the closing stage of Rs 77,264 per kg on Thursday.

In the earlier commerce, gold had closed at Rs 57,002 per 10 grams. On Friday, the value elevated by Rs 6 to Rs 57,008 per 10 grams.

Prices of each the metals recorded all-time excessive costs, HDFC Securities mentioned.

“Spot gold prices for 24 carat in Delhi continued to scale new highs by gaining Rs 6. Gold prices are trading higher for the 16th consecutive day in India,” HDFC Securities Senior Analyst (Commodities) Tapan Patel mentioned.

In the worldwide market, each gold and silver have been buying and selling marginally decrease at USD 2,061 per ounce and USD 28.36 per ounce, respectively.

Motilal Oswal Financial Services Vice President (Commodities Research) Navneet Damani mentioned, “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”. PTI



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