Gold Price Today: Due to the strengthening of the rupee, the prices of gold came down, know where the prices reached

gold became cheaper today

Gold Price today – Today’s softening of gold prices has been seen due to the strength of rupee against the dollar. Today the rupee has strengthened by 13 paise. At the same time, there was stability in gold and silver in the international market.

gold prices ,Gold Price Today) I have seen softening today. However, this reduction in prices has been limited. According to experts, the effect of the strengthening of the rupee against the dollar has been shown on the prices. On the other hand, silver has become expensive today. Silver (silver price today Indications of increasing industrial demand have supported the prices. currently sleeping (goldThe price of ) remains above Rs.51500 per ten grams in Delhi. At the same time, silver is close to Rs 67 thousand per kg. Today the rupee has come down from the level of 76 with recovery against the dollar. Since the rise in prices during the Russia-Ukraine crisis, the price of gold now remains soft.

Where did gold prices reach?

According to the information given by HDFC Securities, the price of gold in the national capital has fallen by Rs 35 to Rs 51,697 per 10 grams. In the last trading session, gold had closed at Rs 51,732, according to HDFC Securities. The softening of gold prices has been seen due to the strengthening of the rupee against the dollar. However, on the other hand, silver prices have seen an increase today. In today’s trade, silver rose by Rs 295 to Rs 66,752 per kg. In the previous session, silver was at Rs 66,457 per kg. In foreign markets, gold and silver remained at their previous levels. For this reason, there has been limited change in gold too. Dilip Parmar, Retail Research Analyst, HDFC Securities, said that gold prices remained stable today, while gold prices in Comex remained stable at the level of $ 1,931 an ounce on Friday.

Why did the price rise?

The rise in the price of gold was seen due to the strengthening of the rupee and the stability of gold prices in the foreign markets. On Friday, the rupee strengthened by 13 paise to 75.90 against the dollar. However, on the other hand, there was no increase in gold prices in the international markets. The direct effect of the exchange rate of rupee and dollar is seen on the prices of commodities traded in dollars. If the rupee strengthens against the dollar, then to buy the same quantity of the commodity, less rupees have to be paid, that is, the commodity becomes cheaper in the rupee. On the other hand, if the rupee weakens, then more rupees have to be paid for the same commodity.

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