Silver price also declined
Gold Price Today: Gold prices continued for two days to stop today. On Tuesday, gold fell by Rs 490 to Rs 96,540 per 10 grams in the bullion market in the capital Delhi. Whereas, on Monday, the price of gold with 99.9 percent purity increased by Rs 580 to Rs 97,030 per 10 grams. With this, the price of gold with 99.5 percent purity fell by Rs 450 to Rs 96,130 per 10 grams (including all taxes). On Monday, the price of gold with 99.5 percent purity also increased by Rs 580 to Rs 96,580 per 10 grams.
Silver price also declined
Sumil Gandhi, Senior Analyst (Commodity) of HDFC Securities, said, “Gold recorded a slight decline on Tuesday. The ongoing optimism about the US-China trade ceasefire, as well as the ceasefire expectations between Russia and Ukraine, are increasing the hopes of the ceasefire, positive risk spirit and weakening the gold appeal for safe investment.” Silver prices also fell by Rs 1000 to Rs 97,500 per kg on Tuesday. Whereas in the last trading session it was closed at Rs 98,500 per kg.
What is the price of gold in the foreign market
Soumil Gandhi said that after an aggressive stance taken by another member of the Federal Reserve, businessmen are uncertain about the cutting of future interest rates of the US central bank, which has also adversely affected gold prices. Gold, spotted in the foreign market, increased slightly to $ 3233.68 an ounce. In Kotak Securities, AVP-Join Research Kayanat Chanwala said that President Donald Trump’s leading tax and expenditure package, which may increase the US fiscal deficit, may be limited before the voting in the House.
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