On Monday, gold rose by Rs 496 to Rs 50,297 per 10 grams in the Delhi bullion market due to rise in precious metals in the international market and fall in the value of the rupee. HDFC Securities gave this information. In the previous trading session, gold had closed at Rs 49,801 per 10 grams. The price of silver also rose by Rs 2,249 to close at Rs 69,477 per kg. The previous closing price was Rs 67,228 per kg. The rupee fell 17 paise to 73.73 against the dollar in morning trade on Monday. In the international market, gold gained $ 1,898 an ounce, while silver also gained $ 26.63 an ounce.
Due to strong spot demand, speculators bought fresh deals, leading to a rise of Rs 411 to Rs 50,715 per 10 grams in futures trade on Monday. On the Multi Commodity Exchange, gold futures delivered in the month of February 2021 rose by Rs 411, or 0.82 per cent to Rs 50,715 per 10 grams. It traded for 11,518 lots. Market analysts said buying of fresh deals by traders led to rise in gold prices. In the international market, New York, gold gained 0.61 percent to $ 1,900.50 an ounce.
