Gold Price Today: Decline in the prices of gold and silver, know where the prices reached today

Fall in gold and silver prices

In Delhi, gold has come down by Rs 133 to Rs 50,719 per 10 grams today. In the last trading session, gold had closed at Rs 50,852 per 10 grams.

gold and silver prices (gold and silver price) has seen a decline today. This softening in prices has been registered after signals from foreign markets. Silver with today’s fall (Silver) reached below the level of Rs 60 thousand per kg. Although Sleep ,Gold) still remains above Rs 50700 per 10 grams. There was a soft trend in gold in the foreign markets today. According to the data released by HDFC Securities, gold in NCR Delhi has come down by Rs 133 to Rs 50,719 per 10 grams today. In the last trading session, gold had closed at Rs 50,852 per 10 grams.

Silver prices also fall

On the other hand, today silver prices also saw a decline. Silver has come down from the previous closing level of Rs 60,445 per kg to Rs 59,781 per kg today. The fall in silver prices was due to a fall in industrial demand for the metal. According to Tapan Patel, Senior Analyst Commodities, HDFC Securities, the fall in gold prices was in the direction of foreign markets, where gold was trading with a fall today. In the international market, gold was down at the level of $ 1822 per ounce.

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Opportunities to invest in gold

On the other hand, if you are also looking for an investment opportunity amid the fall in gold, then gold bond is a profitable option for you. The bond is currently open to investors and can be subscribed to to invest money. For those applying online, the issue price of 10 grams of gold is Rs 50410 which is on the basis of Rs 5041 per 1 gram. That is, even after today’s softening, the issue price of gold bonds is at more attractive levels. Rishad Manekia, founder and managing director of Mumbai-based investment advisory firm Kairos Capital, said SGBs can be seen as an alternative to holding physical gold and investing in it yields returns. It is a beneficial option from the point of view of its being supported by the government and security.