Gold fell by Rs 195 to Rs 51,947 per 10 grams. Due to this, gold had closed at Rs 52,142 per 10 grams in the previous trading session.
Gold fell by Rs 195 to Rs 51,947 per 10 grams.
In the bullion market in Delhi on Monday amid weak global cues and correction in the value of rupee. Sleep There is a fall of Rs 195 to Rs 51,947 per 10 grams. HDFC Securities gave this information. Due to this, gold had closed at Rs 52,142 per 10 grams in the previous trading session. Apart from this, the price of silver has also increased by Rs 223 to Rs 58,731 per kg. Silver had closed at Rs 58,954 per kg in the previous trading session.
The rupee was trading higher by 13 paise at 79.11 against the dollar in early trade in the interbank foreign exchange market. In the international market, gold fell to $ 1,764 an ounce. At the same time, silver has remained stable at $ 20.21 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that there was a fall of about 0.14 per cent in the spot price of gold on the New York-based commodity exchange Comex, which brought down gold prices here.
Prices in futures trade
In futures trade, gold prices fell by Rs 142 to Rs 51,484 per 10 grams on Monday. On the Multi Commodity Exchange, contracts for October delivery were trading lower by Rs 142 or 0.28 per cent at Rs 51,484 per 10 grams. This is for a business turnover of 15,612 lots.
On the other hand, silver prices fell by Rs 228 to Rs 58,142 per kg in futures trade on Monday. On the Multi Commodity Exchange, silver contracts for September delivery fell by Rs 228, or 0.39 per cent, to Rs 58,142 per kg. These prices are in business turnover of 15,846 lots.
gold and silver price in mumbai
At the same time, the price of gold in Mumbai metropolis, which is called the financial capital of the country, has been at Rs 51,461 per 10 grams. The price of silver has reached Rs 58,379 per kg in the capital of Maharashtra.
Let us tell you that due to tensions between Russia and Ukraine, slowdown in the global economy and high inflation, gold prices can see a huge increase. It has been told in the report that according to experts, gold prices can touch the figure of Rs 55,000 this year. With this, gold can reach Rs 62,000 next year.