Gold has fallen by Rs 90 to Rs 52,915 per 10 grams. In the last trading session, the yellow metal was priced at Rs 53,005 per 10 grams.
Gold has fallen by Rs 90 to Rs 52,915 per 10 grams.
Amidst a soft trend in global markets, the bullion market in Delhi on Friday Sleep 90 rupees have come down to Rs 52,915 per 10 grams. HDFC Securities gave this information. In the last trading session, the yellow metal was priced at Rs 53,005 per 10 grams. During this, the price of silver has also come down to Rs 59,166 per kg with a loss of Rs 374. During the last trading day, silver was at a price of Rs 59,540 per kg.
In the international market, both gold and silver have remained almost constant. Gold has been trading at $ 1,789 an ounce. Whereas, silver has been present at $ 20.37 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that gold prices are being determined by the aggressive attitude of the US Federal Reserve and soft inflation figures. He said that a weak dollar is also affecting it.
Prices in futures trade
In futures trade, gold prices have risen by Rs 35 to Rs 52,371 per 10 grams on Friday. On the Multi Commodity Exchange, contracts for October delivery were trading higher by Rs 35, or 0.07 per cent, at Rs 52,371 per 10 grams. This is for a business turnover of 16,193 lots.
On the other hand, silver prices have risen by Rs 193 to Rs 58,570 per kg in futures trade on Friday. On the Multi Commodity Exchange, silver contracts for September delivery rose by Rs 193, or 0.33 per cent, to Rs 58,570 per kg. These prices are in business turnover of 15,642 lots.
gold and silver price in mumbai
At the same time, the price of gold in Mumbai metropolis, which is called the financial capital of the country, has been at Rs 52,251 per 10 grams. The price of silver has reached Rs 58,352 per kg in the capital of Maharashtra.
Let us tell you that due to tensions between Russia and Ukraine, slowdown in the global economy and high inflation, gold prices can see a huge increase. It has been told in the report that according to experts, gold prices can touch the figure of Rs 55,000 this year. With this, gold can reach Rs 62,000 next year.