Gold Rate Today: Gold became cheaper again today, silver also declines- see the latest price today
Delhi In the bullion market, gold prices have been recorded once again. On Thursday, gold with 99.9 percent purity fell by Rs 500 to Rs 98,020 per 10 grams. On Wednesday, its price rose by Rs 700 to Rs 98,520 per 10 grams. Let us tell you that before Wednesday, the prices of gold had fallen for 5 consecutive days. Along with this, gold with 99.5 percent purity also fell at Rs 97,800 per 10 grams today. On Thursday, it closed at Rs 98,200 per 10 grams with a gain of Rs 650.
A major decline in silver price also recorded
Apart from gold, today there was a major decline in the price of silver. On Thursday, silver fell by Rs 2000 to close at Rs 1,12,000 per kg. On Wednesday, the price of silver rose by Rs 1000 to close at Rs 1,14,000. “Gold prices declined on Thursday as positive American massive economic figures strengthened the US dollar,” said Sumil Gandhi, Senior Analyst (Commodity) of HDFC Securities. This increased the pressure on bullion prices. The latest GDP data indicates that the US economy has increased in the second quarter, which has created uncertainty about interest rates.
How was the condition of gold and silver in global markets
In global markets, spot gold rose $ 29.10 or 0.89 percent to $ 3304.14 an ounce. In addition, silver spot in the foreign market fell 2.22 percent to $ 36.30 an ounce. Kayanat Chanwala, AVP of the Kotak Securities Commodity Research Department, said, “Market participants will closely monitor the upcoming American large economic figures including personal consumption expenditure (PCE) index and unemployment claims for further guidance on monetary policy.
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