It seems as if the price of gold is on fire these days. But the raging gold finally calmed down a bit on Friday. A decline was seen in prices. After touching all-time high, gold today fell by Rs 150 to Rs 69,900 per 10 grams in the bullion market of the national capital due to falling prices of precious metals in the global market. In the last trading session, gold had closed at Rs 70,050 per 10 grams. According to language news, HDFC Securities gave this information.
The price of silver also decreased
According to the news, the price of silver also fell by Rs 700 and closed at Rs 81,000 per kg. In the previous trading session, it had closed at Rs 81,700 per kg. HDFC Securities Research Analyst Saumil Gandhi said that taking cue from the strong trend in overseas markets, the spot price of 24 carat gold in Delhi markets was trading at Rs 69,900 per 10 grams, which is Rs 150 less than the previous closing price.
Spot gold in Comex today
In the foreign market Comex, spot gold was trading at $ 2,287 an ounce, which is $ 10 less than the previous closing price. Jatin Trivedi, vice president (research analysis), LKP Securities, said the current trend in gold is expected to continue as long as geopolitical tensions in West Asia and expectations of interest rate cuts persist. Along with this, silver was falling at $ 26.75 an ounce. In its last close it had closed at $ 27.05 an ounce. During the wedding season, people have to buy jewelery at very expensive prices. Experts believe that the trend of gold prices may remain upward in the coming days.
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