Silver crossed 95000 and gold strengthened due to strong buying in the bullion market

Gold and silver prices: Silver crossed Rs 95,000 per kg in Delhi's bullion market due to heavy buying by jewellers. At the same time, the precious yellow metal gold has also strengthened. Both these precious metals have seen declines over the past two days. Silver prices touched Rs 95,800 per kg in Delhi's bullion market on November 27, 2024, up by Rs 5,200 overnight, according to data provided by the All India Bullion Association (AIBA). At the same time, 99.9% pure gold rose by Rs 650 to Rs 78,800 per 10 grams. Gold prices have fallen by Rs 2,250 in the last two trading hours. On Tuesday, gold was Rs 78,150 per 10 grams. For the first time since October 21, silver rose to Rs 5,200 in a single day, AIBA said. After a gap of two weeks, it touched Rs 95,000 per kg. Earlier, silver's one-day high was recorded on October 21. On that day the price of silver increased by Rs.5,000. Due to this, the price of silver has decreased by Rs.2,700 in the last two days. On Tuesday, it was Rs 90,600 per kg. Gold prices rise on geopolitical instability Geopolitical instability in West Asia and industrial demand in the domestic market and increase in consumption in the apparel business segment have boosted gold and silver prices. Jatin Trivedi, Vice President, Commodity and Currency Research Analysis, LKP Securities, said the bullion market was trading on a firmer note due to geopolitical tensions and dollar volatility. Gold's big rally continues, but uncertainty remains in the short term. Gold slips below peak on MCX On the Multi Commodity Exchange (MCX), gold is slightly below its peak of Rs 75,900, but above the Rs 67,500 seen during the Budget week. Globally, Comex gold futures were up $27, or 1.02%, at $2,673.30 an ounce. Also Read: Gold wreaks havoc on Donald Trump's tariff plan – Commodity Soum has invested heavily on geopolitical risks and newly elected US President Donald Trump's tariff plans. Gold promotion. Trump's plans helped gold regain lost ground. This led to higher gold prices on Wednesday, as the falling US dollar and bond yields also supported gold prices. Silver rose 0.33 percent to $30.94 an ounce in Asian markets. Also Read: Patna's Air Turns Poisonous, It Will Take A Week To End Extreme Cold Weather Forecast Know The post Heavy buying in silver market, gold also strengthened. On Prabhat.