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The 10-day long rise in gold prices stopped on Tuesday in the bullion market of the national capital and it fell by Rs 200 to close at Rs 78,100 per 10 grams. All India Bullion Association gave this information. On Monday, gold had closed at Rs 78,300 per 10 grams. However, silver remained unchanged at Rs 92,500 per kg in the local markets on Tuesday. Apart from this, gold of 99.5 percent purity fell by Rs 200 to Rs 77,700 per 10 grams. Its last closing price on Monday was Rs 77,900 per 10 grams.
MCX witnessed a rise
Meanwhile, in the futures trade of Multi Commodity Exchange (MCX), the price of gold contract for December delivery increased by Rs 347, or 0.46 percent, to Rs 75,958 per 10 grams. Silver also rose by Rs 441, or 0.49 percent, to Rs 91,160 per kg. Comex gold was trading 0.34 percent higher at $2,668.50 an ounce in Asian trading hours.
Due to this the price decreased
Gold prices fell to a four-day low yesterday as US Federal Reserve chief Jerome Powell leaned in favor of less aggressive policy easing by the Federal Reserve, said Manish Sharma, AVP-Commodities & Currency, Anand Rathi Shares & Stock Brokers. , which led to a significant rise in the US dollar.” Silver also rose by 0.48 percent at $ 31.61 an ounce in the international markets.
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