Gold Rate Today: The price of gold reached Rs 1,01,370 per 10 grams in the bullion market in the capital Delhi on Monday amid weak global trend. The All India Bullion Association has shared this information. Let us tell you that the price of gold of 99.9 percent purity on Friday was closed at Rs 1,01,540 per 10 grams on Friday. Today, along with gold of 99.9 percent purity, gold with 99.5 percent purity also fell by Rs 150 to Rs 1,00,550 per 10 grams (including all taxes). It was at Rs 1,00,700 per 10 grams in the last trading session.
What happened in the price of silver
Along with gold on Monday, silver prices also saw a decline. Today the price of silver fell by Rs 1000 to Rs 1,07,100 per kg. Silver rose by Rs 1100 to Rs 1,08,100 per kg on Friday last week. Jatin Trivedi, vice-president and research analyst (commodity and currency) of LKP Securities, said, “Profit booking was seen after the reports of potential trade deals between India-US and America-Euros region, which was trading in a limited scope of around Rs 99,800.”
Gold prices close to record high despite the decline
Globally, the spot gold was trading at $ 13.23 an ounce to $ 3419.41 an ounce. Chintan Mehta, CEO of Abance Financial Services, said, “There has been a slight drop in gold prices, but it remains around the record height. Increasing stress between Israeli and Iran has attracted investors to safe assets. ”Kayanat Chanwala, Assistant Vice President (Jens Research) in Kotak Securities, said investors will be waiting for the decisions of the US Federal Reserve Monetary Policy this week. The central bank’s economic estimates will guide about cuts in possible interest rates in the coming months.
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