Gold prices declined due to weak global signals and profit booking. The statement of the US Federal Reserve is important in this.
Gold Price Today: After the death of the President of Iran, there was a sudden rise in the price of gold due to fear of tension in the Middle East. But, this surge has been controlled within 2 days. Gold has become cheaper by about Rs 1430 in 3 days. In such a situation, this is a good opportunity for those investors who want to invest in gold. According to the data available on the website of Indian Bullion Jewelers Association, on Thursday, May 23, 24 carat gold was available at the price of Rs 72791 per 10 grams.
There was a rise in the price of gold after the death of Iran’s President in a helicopter crash on May 21. On that day the price of 24 carat gold had reached the level of Rs 74222 per 10 grams. In such a situation, gold has fallen by about Rs 1431 from the high.
Price also fell on Tuesday
On Tuesday also the price of gold had fallen by Rs 550. Actually, due to weak global signals and profit booking, gold prices declined. According to market experts, gold prices were influenced by the reaction of one of the members of the US Federal Reserve. In this he suggested that to bring inflation under control, interest rates would need to be kept at the current level for a long period.
Today the price of silver in Delhi is ₹ 92980 per kg, whereas yesterday on 22 May the price was ₹ 86460 and last week on 17-05-2024 the price of silver was ₹ 86400 per kg. Fluctuations in the prices of gold and silver are affected by many factors. These include variations in currency values between different countries, interest rates and government regulations regarding gold trading. Apart from this, global events such as the state of the global economy and the movement of the US dollar also impact gold prices.
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