Gold Price On 06 May: Gold Becomes Expensive
Gold Price on 06 May: Gold becomes expensive, the silver price also goes up, know what are the prices in the market.
There was an increase in the spot price of gold and silver on Thursday. According to HDFC Securities, gold prices rose by Rs 439 per 10 grams in the national capital on Thursday.
Due to this, the gold price in the city reached Rs 46,680 per 10 grams. In the previous session, the gold price was Rs 46,241 per 10 grams.
According to the securities, the price of silver in the national capital also saw a huge increase of Rs 1,302 per kg. This brought the price of silver to Rs 69,511 per kg. In the previous session, the price of silver was Rs 68,209 per kg.
Gold Price on 06 May: Gold and silver rates at the international level.
In the global market, gold was rising at $ 1,792 an ounce. At the same time, the price of silver remained flat at $ 26.72 an ounce.
“The weakening of the dollar has strengthened the gold price as traders and investors await key US data,” said Tapan Patel, senior analyst (commodities) at HDFC Securities.
Petrol-Diesel rates have also crossed Rs 91. Petrol jumped 28 paise to Rs 91.27 per liter in Delhi on Friday, while diesel jumped 31 paise even more to touch the level of Rs 81.73 per liter.
This was the fourth day when rates have risen steadily and petrol has become more expensive than 1 rupee.
Oil marketing companies (OMCs) on Thursday continued to cover their losses on price increases. Due to elections in the last few states, there was no increase in oil prices for 18 days.
Petrol and diesel prices were increased by 15 paise and 18 paise per liter respectively on Tuesday and 19 paise and 21 paise per liter on Wednesday after a break of 18 days.
Reduced rate on 30 March.
The fuel price fell by 16 paise and 14 paise per liter on 15 April after a 15-day break when OMC held its prices steady. After this, the revision in fuel prices has been stopped.
OMCs went on price cuts for the first time on March 24 and 25 for two consecutive days after oil prices held steady for 24 days. It had again lowered the price on 30 March.
15 days rate did not change.
Subsequently, fuel prices remained unchanged for 15 days before falling again on 15 April. The prices of all petrol fell by 77 paise per liter, while diesel has so far been 74 paise per liter in 2021.
Twice increased rate.
Earlier, the prices of petrol and diesel were increased in 2021 and so far this year both fuels has increased by Rs 7.46 and Rs 7.60 per liter.
With global crude oil prices above $ 69 per barrel, OMCs may revise fuel prices again if there is any further strengthening.
