Gold price today: Gold prices declined for the second consecutive day today. The selling of jewelers and stockists amid weak global signals led to a 99.9 percent purity gold price to Rs 600 to Rs 99,960 per 10 grams in Delhi’s bullion market on Friday. Let us tell you that on Thursday, the price of gold closed at Rs 1,00,560 with a slight fall of Rs 150. Along with this, gold with 99.5 percent purity also fell at Rs 550 to Rs 99,250 per 10 grams. On Thursday, gold with 99.5 percent purity also fell at Rs 150 to close at Rs 99,800 per 10 grams.
There is also a big decline in silver prices
Along with gold, there was a huge decline in the price of silver today. On Friday, the price of silver fell by Rs 2000 to Rs 1,05,200 per kg. On Thursday, silver fell by Rs 1000 to close at Rs 1,07,200 per kg. The Vice President (Commodity) of Mehta Equality, Rahul Kalantar said, “Silver has slipped from a high level to a week’s low level and is moving towards the first weekly decline in 3 weeks. It fell below $ 35.70 an ounce after a sharp bounce at the beginning of the week. ”
What is experts on the price of gold and silver
Rahul Kalanti said, “This decline has come when investors settled their deals in bullion to compensate for deficit in other places amidst increasing tension between Israel and Iran.” The Kal Minister said that Bank of England also kept the interest rates stable in their monetary policy meetings on Thursday, which limited the increase in precious metals. However, the growing struggle between Israel and Iran and weak trend in rupee also supports gold and silver prices in domestic markets.
How is the condition of gold in the global market
In the global market, the spot gold fell at $ 16.72 an ounce, or 0.5 percent to $ 3353.67. Silver spotted in foreign markets fell 0.77 percent to $ 36.10 an ounce. Jatin Trivedi, Vice President (Research Analyst) of LKP Securities, said, “Businessmen will monitor the developments of American economy.” Trade fee and military partnership in West Asia will promote instability. In Iran Israeli conflict, signs of any deficiency or non -participation from the US can maintain pressure on gold. On the other hand, prices will support prices due to renewed tension. ”
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