Gold Price Today: After the fall in the prices of precious metals in the international markets and the improvement in the value of the rupee, there was a big fall in the price of gold in the Delhi bullion market on Saturday. With this, gold has become cheaper by Rs 8,950 from its all-time rate.
New Delhi: Gold Price Today: After the fall in the prices of precious metals in the international markets and the improvement in the value of the rupee, there was a big fall in the price of gold in the Delhi bullion market on Saturday. With this, gold has become cheaper by Rs 8,950 from its all-time rate.
24 carat gold rate slashed by Rs 820
According to the Good Returns website, on Saturday, the price of 22 carat gold in Delhi decreased by Rs 750 and its price was recorded at Rs 46,450 per 10 grams. At the same time, there was a decrease of Rs 820 in the price of 24 carat gold. Its rate was recorded at Rs 50,670 per 10 grams.
Compared to the record rate, in August 2020, gold had reached its all-time high rate of Rs 55,400 per ten grams. If you compare the current price of 22 carat gold with its all-time high rate, then gold is now selling cheaper by Rs 8,950.
Slowdown in the prices of both gold and silver
According to the information given by HDFC Securities, the market fell by Rs 360 to Rs 50,127 per 10 grams. Due to this, gold had closed at Rs 50,487 per 10 grams in the previous trading session.
Silver prices fell by Rs 252 to Rs 58,916 per kg. Silver had closed at Rs 59,168 per kg in the previous trading session.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot gold of 24 carat in Delhi fell by Rs 360 per 10 grams on Thursday, reflecting a fall in the New York-based commodity exchange Comex and a correction in the rupee.”
The rise in the price of gold in the international market
The rupee lost its early gains in the interbank foreign exchange market and closed higher by a paise at Rs 77.49 per dollar (tentative) on Saturday. In the international market, gold was trading higher at $ 1,826 an ounce, while silver remained almost unchanged at $ 20.87 an ounce.
Patel said, “Gold was trading 0.24 per cent higher at USD 1,826 an ounce in the spot trading of New York-based commodity exchange Comex on Saturday.”
