Gold Rate Today on 2nd April 2024 : Due to weak trend in the international markets, the price of gold fell by Rs 50 to Rs 68,370 per 10 grams in the bullion market of the national capital on Tuesday. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 68,420 per 10 grams. However, silver price rose by Rs 430 to close at Rs 79,000 per kg. In the previous trading session, it had closed at Rs 78,570 per kg.
Gold prices also declined globally
In foreign markets, spot gold on Comex was trading at $ 2,255 an ounce, which is two dollars less than the previous close. “After hitting all-time high in the previous session, gold prices declined slightly on Tuesday,” said Saumil Gandhi, Research Analyst, HDFC Securities. As traders began to doubt the US Federal Reserve’s decision to lower interest rates after strong US manufacturing data, he said, “Meanwhile, the US dollar index reached a five-month high, leading to Precious metal prices were also affected.
Global prices of silver rose
However, silver prices were higher at $25.55 an ounce. Its previous closing price was $25.13 an ounce. Gandhi said, ‘Going forward, traders predict that bullion prices will strengthen in the upper limit with a positive bias and the bullish trend will resume once Comex spot gold prices cross the level of $2,270.
Rise in domestic futures prices of gold and silver
Gold prices were seen trading higher in the domestic futures market on Tuesday evening. On the MCX exchange, gold futures for June 5, 2024 were seen trading at Rs 68,819 per 10 grams with a rise of 0.71 per cent or Rs 488. At the same time, a huge jump was seen in the future prices of silver. On Tuesday evening, on MCX exchange, silver for delivery on May 3, 2024 was seen trading at Rs 76,696 per kg with a huge rise of 1.54 per cent or Rs 1164.
Latest Business News