Gold Price: The trend of fluctuations in the price of gold continues amidst the festive season. In this connection, today i.e. on Friday, the price of 24 carat (99.9% purity) gold in the capital Delhi reached Rs 78,500 per 10 grams with a fresh increase of Rs 1150. Experts say that this rise in the price of gold has come due to fresh buying by jewelers amid positive trends at the global level. After today's fresh increase, gold prices have reached close to their all-time high. 

Silver price rises by Rs 1500 to Rs 93,000

Earlier on Thursday, gold of 99.9 percent purity closed at Rs 77,350 per 10 grams. On Friday, the price of silver also rose by Rs 1500 to Rs 93,000 per kg. Silver prices have seen a rise for the second consecutive day. On Thursday, silver closed at Rs 91,500 per kg.

Gold of 99.5 percent purity rose by Rs 1150 to Rs 78,100

Let us tell you that the price of gold was declining for 3 consecutive days. After three days of decline, gold of 99.5 percent purity jumped by Rs 1150 to Rs 78,100 per 10 grams. Gold of 99.5 percent purity closed at Rs 76,950 per 10 grams in the last trading session. Traders said that the rise in local demand as well as positive global trend has led to a rise in gold prices.

Gold prices also increased on MCX

In futures trading on the Multi Commodity Exchange (MCX), the gold contract for December delivery rose by Rs 613 to Rs 75,910 per 10 grams. Jatin Trivedi, Vice President (Commodity and Currency), Research Analysis Department, LKP Securities, said, "Gold prices remain high. High unemployment claims and high crude oil prices are signs of inflationary pressure. " Globally, Comex gold futures rose 0.79 percent to $ 2,660.10 an ounce.