look news india
There is good news for small buyers looking to buy gold. Due to reduction in geopolitical tension at the international level, the pace of buying in the bullion market has slowed down, the prices of gold and silver have started falling. The result was that gold has fallen in the Indian markets also. According to bullion market insiders, the tension between Iran and Israel has reduced slightly. Due to this, globally gold has now reached the level of $2360 per ounce. If we look at the local markets, gold is Rs 10 per gram in Ahmedabad. Has fallen to 900 which is the biggest fall of the current year. Whereas in silver Rs. A general decrease of 500 per kilogram was observed.
In Ahmedabad on Monday, 24 carat gold per 10 grams was priced at Rs. Decreased by Rs 900. 75,200 was done. Similarly, 22 carat gold is priced at Rs. Decreased by Rs 900. Reached the level of 75,000. Silver per kg Rs. Softened to Rs 500. 83,000 was done. Globally, gold on Comex was trading at $ 2355 an ounce, down by $ 57.50 on Monday evening. On Comex, silver fell by $ 4.57 to $ 27.52 an ounce.
Globally, gold was expected to start falling after hitting a record high of $2,430 an ounce, above a five-week high, according to market analysts. Gold has been continuously falling in the global market for the last 2-3 days. It seems that tensions between Iran and Israel have eased and safe haven investments in gold have reduced. Furthermore, US Treasury yields rose to 4.66%, which is expected to lead to lower gold prices in the coming days.