During the two days, there has been a softening of more than Rs 600 per 10 grams in the prices of gold. Currently, gold prices are below the level of 51 thousand. On the other hand, silver came down from the level of Rs 58 thousand per kg today.
Gold became cheaper for the second consecutive day
Gold prices have seen a decline for the second consecutive day today. over the course of two days gold prices There has been a softening of more than Rs 600 per 10 grams. Currently, gold prices are below the level of 51 thousand. The fall in prices is due to negative signals from overseas markets and sluggish domestic demand during Shradh. On the other hand, silver prices have also seen a decline today and the prices have reached below the level of Rs 58 thousand per kg. A day earlier, there was a rise in silver amid a fall in gold.
Where did gold and silver reach
Amidst the fall in the value of rupee, gold fell by Rs 265 to Rs 50,616 per 10 grams in the Delhi bullion market on Wednesday. HDFC Securities gave this information. Due to this, gold had closed at Rs 50,881 per 10 grams in the previous trading session. However, spot gold traded marginally higher at USD 1,705 an ounce on the New York-based commodity exchange Comex, from USD 1,701 an ounce on Tuesday. Silver fell by Rs 786 to Rs 57,244 per kg in the national capital. . Silver had closed at Rs 58,030 per kg in the previous trading session. On Wednesday, the spot price of silver in Comex was $ 19.45 an ounce, which was at the level of $ 19.31 an ounce on Tuesday.
What is the opinion of experts
HDFC Senior Analyst (Commodities) Tapan Patel said, “Despite loss in rupee, spot gold of 24 carat in Delhi declined by Rs 265 per 10 grams, reflecting the fall in Comex last night. The rupee on Wednesday closed 30 paise lower at 79.47 (provisional) against the dollar in the interbank foreign exchange market.