Gold Price Today: Gold opened today at the beginning of trading with a fall of about Rs 220. Silver prices fell by Rs 1500. Even almost all base metals were on the decline.
Gold Price Today: There is an atmosphere of weakness in gold prices this week. While silver was on a slight rise, a big decline is also seen here on Thursday. Gold opened today at the beginning of trading with a fall of about Rs 220. Silver prices fell by Rs 1500. Even almost all base metals were on the decline.
Amid the strength in the dollar, gold prices fell in the international market. After this, gold was also on the decline in the Indian futures market. Around 10 am, Gold Futures was down by about Rs 140 to Rs 72,050 per 10 grams. In the previous trade, it closed at 72,193. Silver was trading at Rs 94,870 with a loss of Rs 1292. Yesterday it closed at Rs 143.
What was the reason for the fall in gold and silver?
In fact, a decline has been registered in gold in the international market. The reason behind this is the strength in the dollar and the rise in the US 10-year bond yield. Before the inflation data in the US this week, cautious statements have also come from the Federal Reserve member, due to which there is a jump in the dollar index and yield. The 10-year bond yield has crossed 4.6% at a 1-month high. At the same time, the dollar index is crossing the 2-week high of 105. This has shocked the commodity market. Spot gold fell by 1 percent to $ 2,338 an ounce. At the same time, US gold futures fell 0.7 percent to $ 2,361 an ounce.
Silver had reached a record high in the bullion market
Even though silver is declining in the futures market on Thursday, silver saw a record rise in the bullion market on Wednesday. On Wednesday, the price of silver reached an all-time high of Rs 97,100 per kg in the bullion market of the national capital. At the same time, gold also rose by Rs 250. Silver remained strong for the third consecutive day. Its price rose by Rs 1,150 to Rs 97,100 per kg. On Tuesday, silver closed at Rs 95,950 per kg. However, silver reached an all-time high of Rs 96,493 per kg in the futures market on Wednesday. Gold strengthened by Rs 250 to Rs 73,200 per 10 grams in the capital.
