Gold rate today: Gold becomes cheaper and reaches below 50 thousand, there is a big fall in the price of silver

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Photo:PTI gold rate

Gold rate today: On Tuesday, gold fell by Rs 195 to Rs 49,580 per 10 grams in the bullion market of the national capital Delhi. HDFC Securities gave this information. Due to this, the yellow metal had closed at Rs 49,775 per 10 grams in the previous trading session. Silver also fell by Rs 195 to Rs 56,155 per kg. Silver had closed at Rs 56,350 per kg in the previous trading session. In the international market, gold was trading lower at USD 1,637 an ounce, while silver remained steady at USD 18.69 an ounce. Dilip Parmar, Research Analyst, HDFC Securities, said, “The demand for gold from jewelers has been seen in the markets on anticipation of better festive demand. However, higher yields on bonds and a stronger dollar weighed on the precious metals prices.

Futures prices up by Rs 209

Gold prices on Tuesday rose by Rs 209 to Rs 49,359 per 10 grams in the futures market as speculators placed fresh positions on strong spot demand. On the Multi Commodity Exchange, gold for delivery in October rose by Rs 209, or 0.43 per cent, to Rs 49,359 per 10 grams. It had a business turnover of 4,178 lots. Market analysts said buying in fresh positions by participants led to the rise in gold futures prices. Globally, gold was trading 0.76 per cent higher at USD 1,645.80 an ounce in New York.

Silver futures increased

Silver prices on Tuesday rose by Rs 568 to Rs 55,920 per kg in futures market as participants increased their positions on firm spot demand. On the Multi Commodity Exchange, silver for delivery in December rose by Rs 568, or 1.03 per cent, to Rs 55,920 per kg. It had a turnover of 19,919 lots. Analysts said buying of fresh positions by participants, driven by a firm trend in the domestic market, mainly led to the rise in silver prices at futures trade. Globally, silver was trading 1.16 per cent lower at $18.70 an ounce in New York.

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