gold and silver today Buying (Gold-Silver) has become cheaper. In fact, amid the fall in the prices of precious metals in the international market, gold fell by Rs 100 to Rs 73,150 per 10 grams in the bullion market of the national capital on Monday. In the last trading session, gold had closed at Rs 73,250 per 10 grams. The price of silver also fell by Rs 300 to Rs 85,200 per kg. In the previous trading session, silver had closed at Rs 83,500 per kg.
Due to this the price decline
Saumil Gandhi, senior analyst (commodity), HDFC Securities, said, “Spot gold (24 carat) was trading at Rs 73,150 per 10 grams in Delhi markets, which is a decline of Rs 100 from the previous closing price.” Spot gold in Comex (commodity market) was trading at $ 2,347 an ounce, which is a decline of $ 13 from the previous closing price. “Gold resumed trading with a weak bias as traders reduced their positions ahead of the crucial US inflation report,” Gandhi said.
Keep an eye on America’s inflation
“The US Producer Price Index (PPI) will be released on Tuesday, followed by the Consumer Price Index (CPI) on Wednesday, which will provide more information about precious metal prices,” he said. Silver also declined marginally. The fall was at $ 28.10 an ounce. In the last session it had closed at $ 28.14 an ounce.
Gold futures prices fall
Amid weak spot demand, speculators reduced the size of their deals, due to which the price of gold fell by Rs 519 to Rs 72,208 per 10 grams in futures trade on Monday. On the Multi Commodity Exchange, the price of the contract for delivery in the month of June fell by Rs 519 to Rs 72,208 per 10 grams. 13,923 lots were traded in this. Market analysts said the fall in gold futures prices was due to trimming of positions by traders.
Latest Business News