gold and silver There has been a simultaneous decline in the price of. Let us tell you that amid weak global signals, the price of gold fell by Rs 150 to Rs 63,350 per 10 grams in the bullion market of the national capital on Monday. In the last trading session, gold had closed at Rs 63,500 per 10 grams. The price of silver also fell by Rs 400 to Rs 75,500 per kg. In the last trading session it was at Rs 75,900 per kg.
Global market also declined
Spot gold prices (24 carat) in Delhi markets stood at Rs 63,350 per 10 grams, showing a decline of Rs 150 from the previous close, said Saumil Gandhi, senior analyst (commodities), HDFC Securities. In the international market Comex, spot gold fell at $ 2,024 an ounce, which is a decline of $ 15 from the previous closing price. Apart from this, silver was also trading at $ 22.45 per ounce.
This is why gold became cheaper
Navneet Damani, senior vice-president, commodity research, Motilal Oswal Financial Services, said gold prices fell due to a bounce in the dollar and bond yields following strong US non-farm payrolls data, which is expected to raise concerns about the US Federal Reserve’s monetary policy stance this year. Some uncertainty has arisen.
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