Amidst the fall in gold prices at the global level, there has been a big fall in the price of gold in the country’s capital Delhi since Diwali. On the other hand, an increase of Rs 300 has been seen in the price of silver. On the other hand, an increase in the price of gold is being seen in the futures market of the country. Whereas a fall of more than Rs 300 is being seen in the price of silver. Let us also tell you what the prices of gold and silver have become in the bullion market of Delhi.
Gold becomes cheaper in Delhi bullion market
A decline in the price of gold has been seen in the country’s capital Delhi. In Delhi bullion market, the price of gold decreased by Rs 400 to Rs 62,050 per 10 grams. The price of gold was Rs 62,450 per 10 grams in the last trading session. Saumil Gandhi, Senior Analyst (Commodity) at HDFC Securities, said that gold prices remain below the multi-month high reached last week. Apart from US bond yields, there is an impact of continuing tensions in West Asia. However, the price of silver rose by Rs 300 to Rs 75,500 per kg.
Gold and silver in foreign markets
The price of gold fell in foreign markets and stood at US $ 1,993 per ounce. Whereas silver rose to US $ 23.12 per ounce. According to Gandhi, traders believe that the price of gold is likely to remain in a limited range. They are waiting for the results of the Federal Reserve’s monetary policy meeting for a signal about increasing interest rates.
Gold prices increased in the futures market
On the other hand, there is a rise in the price of gold in India’s futures market Multi Commodity Exchange. At 8:15 pm, the price of gold was trading at Rs 61,390 with an increase of Rs 110. During the trading session, the price of gold also reached the day’s high of Rs 61,539. On the other hand, a decline of Rs 277 is being seen in the price of silver and the price has become Rs 72,489. However, during the trading session, silver also reached the day’s lower level of Rs 72,002.
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