Business & Finance Finance

New Delhi Gold Trade

In spite of the slight Rs 30 to drop in the exchange price for physical gold resulting in the Rs 28,020 per 10 gram price on the New Delhi bullion market in response to a lessening demand from the jewelry sector, precious metals prices continued to sustain recent highs across the global markets.

Forex trading of the Rupee was also down, as the nation's currency dropped against the US dollar on speculation that emerging market exposure to international political events would reduce economic output into the near future.

The US price for per troy ounce gold at 1,278.54 reflects the London Metals Exchange gold price, also affecting the fluctuation in silver prices. Silver continued to climb on coin maker results, increasing the per kg price by Rs 200 to Rs 43,100 per kg.

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The demand for 99.9 and 99.5 percent purity in physical gold rate in Delhi has declined slightly in the past week by Rs 30 each, dropping to Rs 28,020 and Rs 27,820 per 10 gram prices. This follows a gain of Rs 150 on gold, and silver increases by Rs 200 to Rs 43,100 per kg, a Rs 300 gain.
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For a fair price and safe bullion transacting in even one gram size for silver and one-tenth of a gram for gold, anyone interested in bullion investment should consider signing up with at bullionindia.


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