Gold Silver Rate: An increase in demand for gold has been seen since the beginning of the Israel-Hamas war. Its effect is visible on gold prices.
Gold Silver Price on 10 October 2023: Navratri is going to start in India from Sunday. Before this, gold prices were seen rising for the last two days. The effect of the war that started between Israel and Hamas from Monday is directly visible on the prices of gold. Gold prices are registering an increase in the initial phase on the second trading day of the week.
With the opening of the market, gold opened at the level of Rs 57,689 per 10 grams. After this, some decline has been seen in its price and till 12 noon it remains at the level of Rs 57,576 per 10 grams with a slight increase of Rs 4 or 0.01 percent as compared to yesterday. Yesterday, gold had closed at the level of Rs 57,572 in the futures market.
What is the condition of silver?
While gold is registering a slight rise in the futures market on Tuesday, silver is trading in the red today. In the initial phase, silver opened at the level of Rs 69,045 per kg. After this, further decline has been seen in its price and till 12 o’clock it has become cheaper by 0.51 percent i.e. Rs 354 as compared to yesterday and remains at the level of Rs 68,740 per 10 grams. Talking about yesterday, silver had closed at Rs 69,094.
- Delhi- 24 carat gold Rs 58,680, silver Rs 72,600 per kg
- Chennai- 24 carat gold Rs 58,690, silver Rs 75,500 per kg
- Kolkata- 24 carat gold Rs 58,680, silver Rs 72,600 per kg
- Mumbai- 24 carat gold Rs 58,530, silver Rs 72,600 per kg
- Noida- 24 carat gold Rs 58,680, silver Rs 72,600 per kg
- Ghaziabad- 24 carat gold Rs 58,680, silver Rs 72,600 per kg
- Lucknow- 24 carat gold Rs 58,680, silver Rs 72,600 per kg
- Patna- 24 carat gold Rs 58,580, silver Rs 72,600 per kg
- Jaipur- 24 carat gold Rs 58,680, silver Rs 72,600 per kg
- Gurugram- 24 carat gold Rs 58,680, silver Rs 72,600 per kg
Gold becomes expensive due to Israel-Hamas war
Talking about the price of gold in the international market, on Tuesday gold has reached its highest level in a week. Today gold is trading at $ 1,864.39 an ounce with a gain of 0.2 percent. Today, silver also remained at the level of $ 21.94 per ounce with an increase of 0.2 percent.
Since the war between Israel and Hamas started on Saturday, a huge increase of 1.6 percent has been recorded in the price of gold on Monday. The thing to note is that this is the biggest jump in the last 5 months. Experts believe that this conflict that started in the Middle East could affect the supply of oil around the world. Investors can invest in gold as a safe investment and the effect of high demand can be seen on the prices of gold and silver.
