A fall in the prices of gold and silver was seen in the country’s capital Delhi on Wednesday. In the bullion market, gold closed at Rs 72,300 per 10 grams with a loss of Rs 150. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 72,450 per 10 grams. The price of silver also fell by Rs 300 to Rs 84,700 per kg. In the previous trading session, silver had closed at Rs 85,000 per kg.
gold today according to analyst
According to the news, Saumil Gandhi, Senior Analyst (Commodity), HDFC Securities, said that spot gold (24 carat) was trading at Rs 72,300 per 10 grams in Delhi markets, which is Rs 150 less than the previous closing price. In the international market Comex (commodity market), spot gold was trading at $ 2,310 an ounce, which is a fall of nine dollars from the previous closing price. Gandhi said that the price of gold fell due to the strengthening of the dollar. Silver was also trading down at $ 27.15 an ounce. In the last trading session, silver had closed at $ 27.25 an ounce.
Prices at all-time high
If we look at the prices of gold, at present they are at an all-time high. Businessmen have high expectations regarding sales from the upcoming Akshaya Tritiya. Experts believe that Akshaya Tritiya is one of the factors that will temporarily increase demand and prices. In India, demand for gold is generally high during festive and wedding seasons. In the international market, a weak US dollar, expectations of interest rate cut, rising geopolitical tensions, concerns over the global economic outlook and higher central bank purchases will weigh on gold.
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