Todays Gold Price Delhi, Sept 9: Silver Prices Jump, Gold Prices Rise Marginally

Gold in the national capital rose by Rs 62 to Rs 51,131 per 10 grams on Friday amid a jump in international precious metal prices, according to HDFC Securities.

In the previous trade, the yellow metal had closed at Rs 51,069 per 10 grams. Silver also jumped by Rs 579 to Rs 55,540 per kg from Rs 54,961 in the previous session, according to a PTI report.

In the international market, gold was trading higher at USD 1,727 per ounce while silver was flat at USD 18.84 per ounce, added the PTI report.

"Gold prices traded higher with spot gold prices at COMEX rising by more than 1 per cent to USD 1,727 per ounce. Gold prices recovered on weaker dollar," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

How Is Gold Used In Electronics?
Gold is being highly used these days for manufacturing of the electronic material or goods. The reason for using gold in electronics is gold have few properties which we cannot find in other metal such as gold does not corrode or tarnish. In most of the electronic devices, low voltages are used because of which there will be high chances of tarnish and corrode. Usage of gold will reduce this tarnishing and corrosion problem. Gold increases the durability of the components. Gold is used in components such as connectors, switches, relays, connecting strips, etc.

Even the electronic goods we use in our daily life have gold in it such as cell phones, calculators, personal digital assistants, global positioning system units, etc. A lot of big electronic appliances such as television also contains gold in it.

The main problem comes with this kind of usage of gold is we are losing gold due to this. As the gold used in these items are not being recycled. Though the gold being used in these devices is in minuscule quantity, but in the long term, this will affect. As of now due to the usage of gold in electronics is not giving any big impact on gold rates in India.