Gold has fallen by Rs 389 to Rs 51,995 per 10 grams. In the last trading session, the price of gold was Rs 52,384 per 10 grams.
Gold has fallen by Rs 389 to Rs 51,995 per 10 grams.
Amid weak global cues, the bullion market in Delhi on Friday Sleep 389 has fallen to Rs 51,995 per 10 grams. HDFC Securities gave this information. In the last trading session, the price of gold was Rs 52,384 per 10 grams. During this, the price of silver has also dropped by Rs 1,607 to Rs 56,247 per kg. In the last trading session, silver had closed at Rs 57,854 per kg.
In the international market, gold is showing a decline at $ 1,753 an ounce. Whereas, silver has remained almost stable at $ 19.23 an ounce. HDFC Securities Senior Analyst (Commodities) Tapan Patel said the strengthening of the dollar overseas has put pressure on gold prices.
Prices in futures trade
In futures trade, gold prices fell by Rs 93 to Rs 51,510 per 10 grams on Friday. On the Multi Commodity Exchange, the contracts for October delivery were trading higher by Rs 93, or 0.18 per cent, at Rs 51,510 per 10 grams. This is for a business turnover of 14,653 lots.
On the other hand, silver prices fell by Rs 641 to Rs 55,802 per kg in futures trade on Friday. On the Multi Commodity Exchange, silver contracts for September delivery fell by Rs 641, or 1.14 per cent, to Rs 55,802 per kg. These prices are in business turnover of 17,384 lots.
gold and silver price in mumbai
At the same time, the price of gold in Mumbai metropolis, which is called the financial capital of the country, has been at Rs 51,872 per 10 grams. The price of silver has reached Rs 57,100 per kg in the capital of Maharashtra.
Let us tell you that due to tensions between Russia and Ukraine, slowdown in the global economy and high inflation, gold prices can see a huge increase. It has been told in the report that according to experts, gold prices can touch the figure of Rs 55,000 this year. With this, gold can reach Rs 62,000 next year.
Apart from this, let us tell you that the World Gold Council believes that in the present condition of the global economy, there is every possibility that the demand for bullion will remain in it.