look news india
On Thursday, gold fell by Rs 20 in the domestic bullion market. And silver lost Rs 72,000 to Rs 80,000.
After the poor job data from America, investors are now looking at the upcoming CPI data, due to which there is selling pressure in gold and silver as there is no direction in the global market. There is also a lack of demand in the market at the local level as there is no major purchase of jewellery at the moment.
In Ahmedabad, the price of 24 carat gold per 10 grams fell by Rs. 400 to Rs. 71,600. Similarly, the price of 22 carat gold fell by Rs. 200 to Rs. 71,400. The price of silver increased by Rs. 800 to Rs. 79,700 per kg. In the month of August so far, the price of silver has increased by Rs. 200. From the level of Rs. 73,000, there has been a decline of Rs. 1400 and the price of silver has come down by Rs. 1400 from the upper level of Rs. 84,500 to the lower level of Rs. 4,800.
Global markets witnessed a slight decline late on Thursday evening. Gold on Comex was trading at $ 2452.50 an ounce, up $ 20.10. Similarly, Comex silver was trading at $ 27.19, up 24.60 cents.