New Delhi: Gold prices on Thursday fell by Rs 992 to Rs 52,635 per 10 grams in the Delhi bullion market amid a fall in the prices of precious metals in the international market and the improvement in the value of the rupee. HDFC Securities gave this information.
Know what is the new price of gold
Due to this, gold had closed at Rs 53,627 per 10 grams in the previous trading session. Silver also declined by Rs 1,949 to Rs 69,458 per kg, from Rs 71,407 per kg in the previous trading session.
The rupee on Thursday advanced 20 paise to close at 76.42 against the US dollar in the interbank foreign exchange market. The rupee gained 20 paise to close at 76.42 per dollar in the foreign exchange market on the back of gains in domestic stock markets and assembly elections results.
For this reason the price of gold is rising
In the international market, gold was trading lower at $ 1,983 an ounce and silver remained unchanged at $ 25.50 an ounce. HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot gold prices declined 0.30 per cent to $1,983 an ounce on Thursday at New York-based commodity exchange Comex.”
“Gold sold off on Wednesday as concerns eased on hopes of a possible diplomatic solution to the conflict between Russia and Ukraine,” he said. Navneet Damani, Senior Vice President (Commodities Research), Motilal Oswal Financial Services, said. “After being at record levels in the early trade, there was a sharp fall in gold prices.”
