Gold Price Today: On Friday, the price of 99.5 percent gold closed at Rs 80,000 per 10 grams. Let us tell you that last week on Friday, the price of gold saw a sharp rise of Rs 1100 and on Thursday it saw a sharp rise of Rs 1400 per 10 grams.
Gold Price Today: Amid weak global trends, a big drop of Rs 1000 has been registered in the price of gold in the capital Delhi on Monday. After this decline, the price of gold has come down to Rs 80,000 per 10 grams. After today’s latest decline, the price of 99.9 percent pure gold in Delhi has come down to Rs 79,400 per 10 grams. Let us tell you that last week on Friday, the price of 99.9 percent pure gold in Delhi closed at Rs 80,400 per 10 grams.
Big fall in the price of 99.5 percent purity gold
Along with 99.9 percent purity gold, the price of 99.5 percent purity gold has also seen a big fall today. Today, the price of 99.5 percent purity gold in Delhi also fell by Rs 1000 per 10 grams and closed at Rs 79,000 per 10 grams. Let us tell you that on Friday, the price of 99.5 percent gold closed at Rs 80,000 per 10 grams. Let us tell you that last week on Friday, the price of gold saw a sharp rise of Rs 1100 and on Thursday it rose by Rs 1400 per 10 grams.
Gold prices will depend on these important triggers
LKP Securities Vice President (Commodity and Currency) Jatin Trivedi said, “Geopolitical tensions did not increase further over the weekend, due to which the rise in gold prices could not be sustained.” Last week, a strong jump in gold prices on MCX and Comex led to profit booking, which led to the settlement of long deals. Trivedi said that this week traders will wait for the details of weekly unemployment claims and the Federal Open Market Committee (FOMC) meeting of the Federal Reserve, which will determine the future direction for gold.
Gold prices also fell on Comex
Comex gold futures fell by $ 40.80 an ounce or 1.49 percent to $ 2,696.40 an ounce in global markets on Monday. Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities, said, “Gold opened on a weak note and slipped below $2,700 an ounce on Monday as traders booked profits after a nearly 6 per cent rally last week, driven by demand for safe-haven options amid rising tensions in the Russia-Ukraine crisis.”
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