Gold Price Today on 19th July 2024 : Gold prices on Friday fell by Rs 750 to Rs 75,650 per 10 grams in the national capital’s bullion market amid weak demand from jewelers. With this, the rise in gold that was continuing for the last six trading sessions came to an end. This information was given by the All India Sarafa Association. In the previous trading session, gold had closed at Rs 76,400 per 10 grams. Meanwhile, gold of 99.5 percent purity fell by Rs 800 to Rs 75,300 per 10 grams. On Thursday, it closed at Rs 76,100 per 10 grams.
spot price of silver
The price of silver also fell by Rs 1,000 to Rs 93,000 per kg. In the previous trading session, it was at Rs 94,000 per kg. Sources attributed the fall in gold prices to the weak trend in global markets and the fall in demand from jewelers in the country.
Global price of gold and silver
Gold in the overseas market Comex was trading lower for the third consecutive session on Friday, under pressure due to recovery in dollar from four-month low and rising US 10-year bond yield. Kainat Chainwala, AVP (Assistant Vice President) of Commodity Research at Kotak Securities, said, “Profit booking by investors near all-time high levels amid concerns over tariff war with China and other political and geopolitical challenges impacted the price of the precious metal.” Apart from this, silver also declined to $ 29.32 per ounce in New York.
gold and silver futures price
On Friday evening, on MCX exchange, gold for delivery on 5 August 2024 was seen trading at Rs 73,040 per 10 grams with a drop of 1.50 percent or Rs 1115. At the same time, silver for delivery on 5 September 2024 was seen trading at Rs 89,764 per kg with a big drop of 2.19 percent or Rs 2008.
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