Gold Rate: Gold news has come for the people going to buy gold, know how much gold and silver prices fell today

Gold Rate: Gold news has come for the people going to buy gold, know how much gold and silver prices fell today

Photo:FILE Gold Rate

Today good news has come for the people who are preparing to buy gold and silver on the occasion of festivals or marriage. Today the price of gold used for making jewelery has registered a decline. The reason for this decline is being told that the price of precious metals in the international market has come down.

cheap gold

According to HDFC Securities, this softening of the international market was also visible in the Delhi bullion market and on Friday, gold fell by Rs 139 to Rs 50,326 per 10 grams. In the last trading session, the yellow metal had closed at Rs 50,465 per 10 grams.

Loss of around Rs 800 in 10 days

The period of softening in gold is visible for the last several days. Gold has become cheaper by about Rs 800 in 10 days. Talking about September 13, the price of 24 carat gold was Rs 51140 per 10 grams, which has now come down to Rs 50326.

Silver prices also fall

Like gold, silver also declined by Rs 363 to Rs 58,366 per kg. Silver had closed at Rs 58,729 per kg in the previous trading session. In the international market, gold was trading lower at USD 1,665 an ounce while silver was steady at USD 19.50 an ounce.

Silver slips by Rs 247 in silver futures market

Silver prices on Friday slipped by Rs 247 to Rs 57,780 per kg in futures trade as participants reduced their positions on weak spot demand. At the Multi Commodity Exchange, silver for delivery in December fell by Rs 247, or 0.43 per cent, to Rs 57,780 per kg. It had a business turnover of 15,871 lots. Globally, silver was trading 0.44 per cent lower at $19.53 an ounce in New York.

why are the prices falling

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Gold declined despite deepening concerns about a slowdown due to a policy rate hike by the US central bank Federal Reserve.” Gold has been considered a safe investment.

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