Gold price: Bullet gold in Patna-Ranchi rises in 10 days

Gold Price: Buying gold in India is considered very auspicious. Especially, gold jewelery is used a lot in weddings. During the wedding season, in 10 days, from Bihar – Jharkhand capital Patna – Ranchi, the price of gold increased at a bullet speed. In these two major cities, from June 25 to July 5, 2024, the price of 24 carat gold rose by around Rs.800 and that of 22 carat gold by Rs.750. According to The Hindu Business Line website, the price of 24 carat gold in Patna-Ranchi increased by Rs 790 to Rs 72,140 per 10 grams from June 25 to July 5, 2024. On June 25, 2024, the price of 24 carat gold in these two cities was Rs.71,350. With this, 22 carat gold has increased by Rs.750 to Rs.68,700 per 10 grams in Patna-Ranchi in the same 10 days. On June 25, 2024, the price of 22 carat gold in these two major cities was Rs.67,950. Gold prices rise in Delhi Gold prices rose by Rs 200 to Rs 73,310 per 10 grams at Delhi's bullion market on Friday, July 5, 2024 due to strength in international markets, according to HDFC Security. Gold price in Delhi on Wednesday was Rs 73,110 per 10 grams. Silver also rose by Rs 350 to Rs 93,400 per kg. It closed at Rs 93,050 per kg on Wednesday. Gold prices rose in the global market as well, HDFC Securities research analyst Dilip Parmar said, adding that 24 carat gold prices in Delhi's spot market were at Rs 73,310 per 10 grams, up by Rs 200 from the previous closing price. In global markets, spot gold on the Comex was at $2,363 an ounce, seven dollars higher than the previous closing price. Silver prices rose to $30.55 per ounce in the global market as well. It was at $30.40 an ounce in the last session. BNP Paribas Associate Vice-President (Core Currencies and Commodities) Praveen Singh Naam Sher Khan said gold is expected to trade in a positive trend. However, a strong employment report will push gold lower again. Also Read: HDFC Bank Credit Card Transactions To Be Charged From August 1 View Complete List What is gold in futures market due to buying new contracts amid strong spot demand? It increased by Rs 189 to Rs 72,556 per 10 grams. On the Multi Commodity Exchange (MCX), the contract for August delivery rose by Rs 189, or 0.26 per cent, to Rs 72,556 per 10 grams. Out of which 13,998 loads were traded. Globally, gold rose 0.11 percent to $2,371.90 an ounce in New York. Market analysts said gold prices rose on fresh buying by traders Silver futures rose by Rs 557 to Rs 92,518 a kg in futures trade on Friday as traders increased their contract size amid strong spot demand. On MCX, the silver contract for delivery in September rose by Rs 557, or 0.61 per cent, to Rs 92,518 per kg. Out of which 23,296 loads were traded. Globally, silver rose 0.11 percent to $30.88 an ounce in New York. Market analysts said silver futures prices rose as traders bought fresh contracts due to a strong trend in the domestic market: Why is ITR filing important? Read expert opinion The post Gold price: Gold turns into bullet in Patna-Ranchi, prices rise in 10 days appeared first on Prabhat Khabar.