Once again, the price of gold decreased and increase in silver prices
Due to weak global cues and local jewelers demand, gold prices have again seen a decline in the Delhi Sarafa Bazar on Wednesday. There was a slight increase in silver prices. According to experts, in the coming days, the prices of gold and even higher decline can be seen. There may be a surge in silver prices. Let’s also tell you what kind of gold and silver prices are on Tuesday …
Today the price of gold silver
Today, gold prices have been seen in Delhi’s Sarafa Bazar. Gold has dropped by Rs 50 to Rs 30840 per 10 gram level. On the other side, silver demanded a modest five-a-half-and silver price of Rs 3,9325 per kg due to demand from limited industrial units and coin makers.
Gold and Silver prices at global level
Globally, gold in Singapore fell by 0.27 per cent to $ 1,220.70 an ounce and silver by 0.10 per cent to $ 15.32 an ounce. Traders expect the US Treasury yield to rise due to the strong dollar and expectations of a rate hike from the Federal Reserve. Due to this, we have seen weak global indices which have seen pressure on gold prices.
Gold price in domestic market
Due to the decrease in demand in the domestic market, the impact on gold prices has been seen. In the national capital Delhi, 99.9% and 99.5% purity of gold has fallen by Rs 50 to Rs 30840 and Rs 30,690 per 10 gram respectively. According to the information received, a fall of Rs 80 was recorded in the gold prices. Guinea prices remained unchanged at Rs 24,700 per eight. On the other hand, silver ready rose by Rs 5 to Rs 39325 per kg and weekly-based delivery by Rs 20 to Rs 38390 per kilogram. Silver coins remained steady at Rs 74,000 for buying and Rs 75,000 for selling of Rs.