Global Markets In line with the weak trend in the bullion market of the national capital, gold fell by Rs 80 to Rs 72,820 per 10 grams on Wednesday. In the previous trading session, gold closed at Rs 72,900 per 10 grams. At the same time, the price of silver also fell by Rs 1,200 to Rs 91,900 per kg. In the previous trading session, it closed at Rs 93,100 per kg. Let us tell you that last month there was a big rise in the price of silver. The price of silver reached a record high. However, after that there is a continuous decline in the price. Bullion market experts say that this decline may continue in the coming days.
Global market also declined
Spot gold was trading at $ 2,332 an ounce in the international market Comex, down by three dollars from its previous close. Saumil Gandhi, Senior Analyst-Commodity at HDFC Securities, said, “Gold prices fell due to strength in the US dollar and technical selling pressure, although there were signs of weakness in the US labor market. He said, “This has further strengthened the expectation that the US Federal Reserve will soon reduce interest rates.” Apart from this, silver also fell to $ 29.75 an ounce.
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