look news india
Gold price today, October 9: If you want to buy gold, then now could be a good opportunity for you. Gold prices have fallen during Navratri. Gold has fallen from record high in the international market. Its effect is also visible on the domestic futures and bullion markets. On Wednesday (October 9), metal prices were seen in the red in the futures market. At the same time, while the bullion market witnessed a continuous rise, gold has become a little cheaper. Gold prices may rise further till Diwali, so if you are looking to buy gold, then this window of fall can be a good opportunity for you.
Gold prices fall on MCX
In the futures market this morning, gold fell by Rs 14 to Rs 75,147 per 10 grams. Yesterday it closed at 75,161. During this period the price of silver was Rs. It became Rs 351. 89,080 per kg. Yesterday it closed at 88,729. Gold also remains volatile due to tension between Iran and Israel in West Asia and on MCX it is trading at Rs. It is expected to be between 75,450-76,350.
Gold market softening
Gold prices fell from record highs in the national capital on Tuesday due to fresh selling by stockists amid a bearish trend in global markets. During trading, gold fell by Rs 400 to Rs 78,300 per 10 grams. According to the All India Bullion Association, gold closed at an all-time high of Rs 78,700 per 10 grams on Monday. However, silver fell by Rs 20 due to profit booking after fall in silver prices in foreign markets. Remained stable at Rs 94,000 per kg.
Apart from this, gold of 99.5 percent purity also fell by Rs 400 from its record high level to Rs 77,900 per 10 grams. At its last closing price on Monday, it stood at Rs. 78,300 per 10 grams. Traders said gold prices fell due to sluggish demand from domestic jewelers amid a weak trend in global markets.
Jatin Trivedi, vice president and research analyst at LKP Securities, said, “Market sentiment remains neutral on interest rate cuts as a 0.25 (fourth) percent cut is expected after the US unemployment data, which will lead to a major rate cut.” Hopes of reduction are fading.” Went