Gold-Silver Price Today: A decline is being seen in the prices of gold. Apart from this, silver has also become cheaper on the first day of the week. Amidst the falling prices of precious metals in the global market, gold has become cheaper in Delhi bullion market too.
Gold-Silver Price Today: A decline is being seen in the prices of gold. Apart from this, silver has also become cheaper on the first day of the week. Amidst the falling prices of precious metals in the global market, gold has become cheaper in the Delhi bullion market also. Today the price of gold has closed around 63,000. Apart from this, the price of silver has closed around 76,000. HDFC Securities has given information about this.
In the bullion market of the national capital, gold fell by Rs 250 on Monday to Rs 63,200 per 10 grams. In the previous trading session, gold had closed at Rs 63,450 per 10 grams. The price of silver also fell by Rs 400 and closed at Rs 76,300 per kg. In the previous trading session, silver had closed at Rs 76,700 per kg.
Gold became cheaper on MCX also
Apart from this, gold has also become cheaper on MCX today. The price of gold on MCX is down by 0.95 percent at Rs 61960 per 10 grams. Apart from this, silver is down by 0.81 percent at Rs 72001 per kg. In MCX futures trading, the price of February contract of gold fell by Rs 355 to Rs 62,202 per 10 grams. Apart from this, the price of March contract of silver fell by Rs 415 to Rs 72,172 per kg.
What is the expert’s opinion?
Saumil Gandhi, Senior Analyst (Commodity) at HDFC Securities, has said that after the strong US labor market data, there is increased fear among investors that the Federal Reserve may delay the interest rate cut. This led to a fall in gold prices. In the commodity market, gold stood at $ 2,029 per ounce, which is US $ 16 less than the previous close in the international market.
Navneet Damani, Senior Vice President (Commodity Research) at Motilal Oswal Financial Services, has said that this week the entire focus will be on US Consumer Price Index (CPI) and Producer Price Index (PPI) data. This will make the situation regarding the monetary policy of the Federal Reserve more clear. In the international markets, gold fell to $ 2,029 an ounce and silver fell to $ 22.95 an ounce.
