Gold Price Today: There is a sharp fall in the prices of gold and silver today, know how much the prices have decreased
gold and silver became cheaper
Gold prices have decreased by more than Rs 1100 per 10 grams and silver by about Rs 25 hundred per kg in the last two days. In foreign markets, gold has fallen from $ 2000 an ounce to below $ 1950.
gold and silver prices ,Gold and Silver PriceToday, this is the second consecutive day when the prices of precious metals have become cheaper. With today’s fall, gold in the Delhi market (Gold Price) has reached below the level of Rs 52500 per 10 grams. Where silver (Silver) has come down from the level of Rs 68 thousand. Gold and silver prices have seen the effect of signals from foreign markets, where gold and silver have seen a softening. Simultaneously, the recovery in the rupee against the dollar also supported the prices. In foreign markets, gold, which reached near the level of $ 2000 an ounce this week, has come down from $ 1950 an ounce today. With the Russia-Ukraine crisis, there has been an increase in gold prices and the price of gold has remained above the level of 50 thousand rupees since the crisis.
Where did the gold and silver prices reach?
According to the information given by HDFC Securities, gold has fallen by Rs 915 per 10 grams in the Delhi market on Wednesday at the level of 52,367. In the last trading session, gold had closed at the level of 53,282 per 10 grams. On the other hand, silver has seen a decrease of Rs 2221 per kg and the price has come down to 67,969 per 10 grams. This has been the second consecutive day of decline in precious metals. During these two days, gold has come down from Rs 53,494 to Rs 52,367, that is, it has decreased by Rs 1127 per 10 grams. At the same time, silver has also come down from the level of Rs 70,460 to the level of 67,969 during this period, that is, a decrease of Rs 2491 per kg has been registered in it.
What is expert opinion
HDFC Securities Retail Research Analyst Dilip Parmar said that the fall in gold prices is being seen due to signals from overseas markets where gold has declined to the level of $ 1,942 an ounce. Gold prices are currently at a one-week low as the rise in US bond yields weighed on the demand for gold. On the other hand, Navneet Damani, Senior VP Commodity Research, Motilal Oswal Financial Services, said that gold prices are trading consistently at lower levels. Gold is under pressure after touching the level of $ 2000 in foreign markets as the increase in Treasury yield after the Fed’s strict signal has reduced the attractiveness of gold among investors.
