Gold-silver prices proceed to register highs among global epidemic and economic uncertainty. On Monday, both precious metals once again recorded a rise. On Monday, the rupee rose against the dollar, after which the price of gold and silver also raised. In the bullion market, the price of gold has moved up by Rs 238 per 10 grams and silver has gone up by Rs 960. The international market also extends to progress.
New Gold Prices (Gold Price on 10 August 2020): On Monday, the price of gold in Delhi bullion market has risen to Rs 56,122 after rising by Rs 238 per 10 grams. On the previous trading day, gold had closed at Rs 55,884 per 10 grams. In the international market, the price of gold has reached $ 2,035 an oz.
Record price rise in silver prices (Silver Price on 10 August 2020): Not only gold but also silver prices are constantly increasing. On Monday, silver rose by Rs 960 per kg in Delhi Bullion Market. After this, the new price of silver had reached Rs 76,520 per kg. On its last trading day, the price was at Rs 75,560. In the international market, the price of silver has reached $ 28.31 an oz.
Now up to 90% loan on gold
The Reserve Bank of India (RBI) has increased the loan value on gold jewellery, giving a big relief to the common man and small traders. Now, if any person feels the need, he can take a gold loan up to 90 per cent of the value of the gold jewellery in his home or bank locker. Earlier, there was a rule to take a loan equal to the maximum 75% of your gold jewellery. Explain that RBI Governor Shaktikanta Das announced monetary policy on Thursday, saying that the new rule will be effective till 31 March 2021.