The price of gold fell by Rs 1,800 to Rs 95,050 per 10 grams in the bullion market of the national capital on Thursday. According to the All India Bullion Association, the price of gold with 99.5 percent purity fell by Rs 1,800 to Rs 94,600 per 10 grams (including all taxes). On Wednesday, gold with 99.9 and 99.5 percent purity closed at Rs 96,850 and Rs 96,400 per 10 grams.
Chintan Mehta, Chief Executive Officer of Absan Financial Services, said, “Gold prices are falling due to investors moving away from secure houses.” The consent between the US and China to reduce the fee for 90 days has reduced the possibility of a large scale trade war. ”
Silver prices also continued to fall for the fourth consecutive day, which fell by Rs 1,000 to Rs 97,000 per kg (including all taxes). Silver closed at Rs 98,000 per kg in the last market session. Globally, the spot gold fell 16.81 $ 161 or 0.53 percent to $ 3,160.71 an ounce. Edited by: Sudhir Sharma
