Gold has fallen by Rs 61 to Rs 52,822 per 10 grams. In the last trading session, the yellow metal had closed at Rs 52,883 per 10 grams.
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Amid fall in the prices of precious metals in foreign markets, the bullion market in Delhi on Monday gold prices Rs 61 has come down to Rs 52,822 per 10 grams. In the last trading session, the yellow metal had closed at Rs 52,883 per 10 grams. Plus like gold Silver Rates Has also come down to Rs 61,855 per kg with a loss of Rs 146. Dilip Parmar, Research Analyst, HDFC Securities, said a weak rupee and strong spot demand due to wedding season limited the fall in gold prices in the domestic market.
international market prices
In the international market, gold was trading with losses at $1,750.46 an ounce. Apart from this, silver was also trading with a decline at $ 21.25 per ounce. Parmar said that gold has come down in Comex amid protests against the curbs imposed in China to control Kovid.
Gold prices fell by Rs 101 to Rs 52,443 per 10 grams in futures trade on Monday. On the Multi Commodity Exchange, the contracts for delivery in October were trading lower by Rs 101, or 0.19 per cent, at Rs 52,443 per 10 grams. This is for a business turnover of 2,778 lots.
Import of gold and silver decreased in the country
At the same time, let us tell you that the import of gold and silver has decreased in the country. According to the information released by the Ministry of Commerce, the import of both the metals has decreased in the month of October. Imports of the yellow metal declined by 17.38 per cent to around $24 billion during April-October. According to the data of the ministry, this has happened due to the decline in demand. The ministry said that the import of gold was $29 billion in the same period last year.
Last week, after being in a decline for some time, there was a spurt in gold prices. By the end of the week, gold was trading with an increase of more than one per cent. At the same time, the dollar, which is considered an alternative to safe haven, saw a jump in China due to the increase in corona cases. The situation in China raised concerns about the future of the global economy. Therefore, gold prices were weak in the beginning of the week.
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