Gold Price Today on 6th August 2024 : Due to weak demand from jewelers, the price of gold in the local bullion market on Tuesday fell by Rs 1,100 to Rs 71,700 per 10 grams. In the previous trading session, gold closed at Rs 72,800 per 10 grams. The All India Sarafa Association said that the price of silver continued to fall for the fourth consecutive session and today it fell by Rs 2,200 to close at Rs 82,000 per kg. In the previous trading session, silver closed at Rs 84,200 per kg. On August 2, the price of silver was trading at Rs 86,000 per kg, after which its price has fallen by Rs 4,200 per kg in four sessions. At the same time, the price of 99.5 percent purity gold fell by Rs 1,100 to Rs 71,350 per ten grams. Its previous closing price was Rs 72,450 per 10 grams.
a steady decline
Market sources said gold prices fell due to reduced demand from jewelers and retail buyers. According to Dilip Parmar, research analyst at HDFC Securities, domestic gold prices are expected to get support due to weakness in the rupee and physical demand ahead of the festive season. Parmar said global uncertainty, central bank demand and low interest rates are good signs for gold prices.
Price at global level
In the international markets, gold fell by $ 20 to $ 2,409 an ounce in Comex. Silver was also trading with a decline at $ 26.94 an ounce in New York.
gold and silver futures prices
Domestic futures prices of gold and silver have also seen a decline today. On Tuesday evening, gold for delivery on October 4, 2024 was seen trading at Rs 68,955 per 10 grams on the MCX exchange, down 0.51 percent or Rs 354. At the same time, silver for delivery on September 5, 2024 was seen trading at Rs 79,140 per kg, down 0.58 percent or Rs 458.
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