Gold Rate Today: Gold becomes cheaper, know how much is the cost of 10 grams

In Delhi, the price of gold fell by Rs 84 to Rs 47,053 per 10 grams. The reason for this is the fall in the prices of the precious metal gold in the international market.

The price of gold has fallen by Rs 84 to Rs 47,053 per 10 grams.

Gold, Silver Price Today: In the national capital Delhi, the price of gold fell by Rs 84 to Rs 47,053 per 10 grams. According to HDFC Securities, the reason for this is the fall in the prices of precious metal gold in the international market. In the previous trade, the precious metal gold had closed at Rs 47,137 per 10 grams.

Silver has also declined by Rs 369 to Rs 61,037 per kg. In the previous trade, silver was present at Rs 61,406 per kg.

In the international market, gold was trading flat at USD 1,823 an ounce and silver at USD 23.11 an ounce.

Tapan Patel, Senior Analyst (Commodities) at HDFC Securities said that gold prices are trading with weakness on Comex in line with spot gold prices. It has been at $ 1,823 an ounce on Monday. He further said that gold prices are trading lower due to stronger dollar and higher US bond yields.

Prices in futures trade

In futures trade, gold prices fell by Rs 86 to Rs 48,013 per 10 grams on Monday. On the Multi Commodity Exchange, contracts for December delivery were trading lower by Rs 86, or 0.18 per cent, at Rs 48,013 per 10 grams. This is for a business turnover of 8,342 lots.

On the other hand, silver prices declined by Rs 247 to Rs 61,060 per kg in futures trade. On the Multi Commodity Exchange, silver contracts for December delivery fell by Rs 247, or 0.4 per cent, to Rs 61,060 per kg.

Prices in Mumbai and Kolkata

At the same time, the price of gold in Kolkata is Rs 48,850 per 10 grams. At the same time, silver can be bought for Rs 62,250 per kg. On the other hand, the price of gold in Mumbai metropolis, which is called the financial capital of the country, has been at Rs 48,850 per 10 grams. The price of silver has reached Rs 62,250 per kg in the capital of Maharashtra.

Let us tell you that volatility is expected in gold in the next two months. Experts believe that keeping a close watch on the new strain and how the country and foreign countries react with the restrictions will be more important. Analysts believe that gold can go up to the level of $ 1835, which is about 2% higher than the current level. The increased restrictions, lockdown and subsequent effects on economic activity will further boost the demand for gold as there is a new boom in safe investments.

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