look news india
Gold price today: Amid the decline in the international market, a decline in gold prices has been recorded in the domestic gold market for the last two-three days. Gold prices have fallen below record highs amid the festive season. So much so that in the last three days, gold has become cheaper by Rs 1100 in the Delhi gold market. There is a bullishness in the futures market on Thursday (October 10), but here gold has fallen below Rs 76,000. So silver is trading below Rs 90000.
Why did gold become cheaper?
Gold has become soft for six consecutive days due to the strength of the dollar in the international market. Spot gold on Comex was down 0.5% at $2607. At the same time, US gold futures fell 0.3% to $ 2,626.
Here in the local futures market today both gold and silver remained bullish. In the morning, gold was trading at Rs 75,030 per 10 grams with a rise of about Rs 100. Yesterday it closed at 74,934. During this period the price of silver was Rs. 197 to Rs. 89,069 per kg, which was yesterday Rs. Had closed at 88,872.
How much did gold and silver become cheaper in the gold market?
Amid weak domestic demand, the price of gold fell by Rs 600 to Rs 77,700 per 10 grams in the bullion market of the national capital for the second consecutive day on Wednesday. On Tuesday, gold closed at Rs 78,300 per 10 grams. According to All India Bullion Association, the price of silver also stood at Rs 2.55 crore. Decreased to Rs 2,800. 91,200 per kg, down from Rs. Closed at Rs 94,000 per kg. Meanwhile, gold of 99.5 per cent purity was priced at Rs. Rs 600 were reduced. 77,300 per 10 grams. Bullion traders said gold prices fell due to sluggish domestic demand.
