Gold and silver The price of unilateral rise has now stopped. Gradually both the price metal is becoming cheaper. This is good news for the common people. Commodity expert says that the price of gold and silver will fall further in the next few days. Let us tell you that after the fall in global markets, the price of gold in the national capital declined by Rs 650 to Rs 96,850 per 10 grams on Wednesday. At the same time, silver prices continued to fall for the third consecutive day and on Wednesday it declined by Rs 1,450 to Rs 98,000 per kg (including all taxes). Its previous closed price was Rs 99,450 per kg.
Decline due to decrease in demand
According to the All India Bullion Association, the price of 99.9% purity in the last trading session was Rs 97,500 per 10 grams. At the same time, on Wednesday, the price of gold with 99.5% purity fell by Rs 700 to Rs 96,400 per 10 grams (including all taxes), which was Rs 97,100 on Tuesday. Pressure was also observed in global markets, where gold spot fell by $ 20.65 to $ 3,229.64 an ounce. Gold prices fell by Rs 107 to Rs 93,540 per 10 grams on Wednesday in futures trading amid weak spot demand. In June, the price of gold supplied in the Multi Commodity Exchange (MCX) fell by Rs 107 or 0.11 percent to Rs 93,540 per 10 grams.
Due to this gold is becoming cheaper
Chintan Mehta, Chief Executive Officer (CEO) of Abson Financial Services, said that gold prices continue to fall due to the reduction of trade war, as major economies are making trade agreements with the US. China has also joined the countries that do so, as the two countries have agreed to cut the fee of 90 days on each other’s goods. Mehta said that however, geopolitical tension in West Asia still persists, which is supporting assets with safe investment.
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