Gold Rate Today: Gold prices fell by Rs 550 to Rs 98,570 per 10 grams in Delhi’s bullion market on Monday after softening of global trends and continuous tariff threats by US President Donald Trump. Let us tell you that on Saturday last week, the price of gold increased by Rs 100 to Rs 99,120 per 10 grams. Apart from this, today the price of gold of 99.5 percent purity also fell by Rs 500 to Rs 98,100 per 10 grams. Whereas on Saturday, its price was Rs 98,600 per 10 grams.
What happened in silver prices
On Monday, silver prices remained stable without any change at Rs 1,04,800 per kg for the second consecutive day. Bullion traders said that the fall in gold prices was dull global trends and profits by investors at high levels. In addition, the seasonal demand in the spot market also remained sluggish, causing prices to fall. Soumil Gandhi, Senior Analyst (Commodity) of HDFC Securities, said that the dollar improved and the expectation of interest rates after an expected US employment market data has reduced expectation, leading to business with weakness in gold.
What can happen next in gold prices
In addition, the weekend by US Finance Minister Scott Besant said that the US is close to finalizing the trade deal with many countries. However, the new tariffs will be applicable from August 1. After this, due to reduced fee concerns, bullion demand as a safe investment option was reduced. Gold spotted in international markets fell by $ 38.95 or 1.17 percent to $ 3,297.69 an ounce. According to Jatin Trivedi, Vice President of LKP Securities, Research Analyst (Commodity and Currency), the details of the Monetary Policy of the Central Bank and the near future can give deep information about the interaction of the Central Federal Reserve’s Federal Reserve Federal Reserve Federal Reserve’s Federal Reserve Federal Reserve Federal Reserve.
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