Gold price increased by Rs 50 and silver by Rs 500

Gold prices: Gold prices rose by Rs 50 in Delhi's bullion market on Friday due to strength in international markets. At the same time silver lost Rs 500 as it missed the record level of Rs 1 lakh. Gold rose by Rs 50 to Rs 72,900 per 10 grams in the Delhi market, according to HDFC Securities. However, the price of gold was Rs 72,850 per 10 grams at the close of trading on Thursday. At the same time, silver prices fell by Rs 500 to Rs 95,500 per kg. On Thursday, it fell by Rs 1,100 to Rs 96,000 per kg. Gold prices, silver cheap in Delhi Saumil Gandhi, senior commodity analyst at HDFC Securities, said 24 carat gold prices in Delhi markets were at Rs 72,900 per 10 grams, up by Rs 50 from Thursday's closing price. In overseas markets, spot gold on the Comex was at $2,341 an ounce, two dollars higher than the previous closing price. Gold prices rose slightly on Friday, he said, adding that disappointing first-quarter US gross domestic product showed a slowdown in the economy. However, silver was at $31.20 per ounce. An ounce was last traded at $31.65. Apart from this, gold prices rose by Rs 24 to Rs 72,240 per 10 gram in futures trade on Friday as speculators bought new contracts amid strong spot demand. On the Multi Commodity Exchange (MCX), the contract for delivery in August rose by Rs 24, or 0.03 per cent, to Rs 72,240 per 10 grams. Out of which 17,059 loads were traded. Globally, gold rose 0.07 percent to $2,364.90 an ounce in New York. Also Read: Bumper returns from fixed deposits, silver prices in futures trade at Rs. 747 declined as traders reduced the size of their contracts. A kg is Rs.93,376. On the MCX, the July silver contract fell by Rs 747, or 0.79 per cent, to Rs 93,376 per kg. Out of which 27,074 loads were traded. Globally, silver fell 0.62 percent to $31.34 an ounce in New York. Also read: TATA is not associated with these 8 company names of Ratan Tata.