Gold-Silver Price: Gold will cross 62 thousand on Diwali-Dhanteras, today the price fell by Rs 340, know what is today’s price
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Gold-Silver Price Today: After falling in the price of gold in the Indian market for a long time, now its shine has started increasing. On one hand, the prices have increased due to the beginning of the festive season, hence the purchase of gold has increased. On the other hand, due to the war between Israel and Hamas, crude oil prices have increased. There has been a big decline in the value of rupee. Its effect will be seen on the Indian stock market. This will increase investment in gold. Investing in gold will help investors cover risks. In such a situation, it is being told that by Diwali-Dhanteras the price of gold can cross Rs 62 thousand. At the same time, according to the GoodReturns website, the price of 24 carat gold fell by Rs 340 in early trade on Tuesday, while ten grams of the precious metal was sold for Rs 60,110. The price of silver remained unchanged. The price of one kilogram of silver is Rs 74,100. The price of 22 carat gold fell by Rs 310. After this, gold is being sold at Rs 55,100. The price of ten grams of 24 carat gold in Mumbai is Rs 60,110, equal to the prices of Kolkata and Hyderabad. Whereas, the price of ten grams of 24 carat gold is Rs 60,260 in Delhi, Rs 60,110 in Bengaluru and Rs 60,330 in Chennai.
Gold also fell in American market
On Tuesday, the price of ten grams of 22 carat gold in Mumbai was Rs 55,100, equal to Kolkata and Hyderabad. Whereas, ten grams of 22 carat gold is being sold at Rs 55,250 in Delhi, Rs 55,100 in Bengaluru and Rs 55,300 in Chennai. US gold prices edged lower on Tuesday as Treasury yields rose ahead of economic data and Federal Reserve Chairman Jerome Powell’s speech this week, which could lead to upcoming interest rate decisions. By 0121 GMT, spot gold fell 0.2 percent to $1,916.20 an ounce and US gold futures fell 0.2 percent to $1,929.90. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.80 percent to 855.45 tonnes on Monday. Industrial gold production in Mali, one of the top gold producers in Africa, is expected to reach or even exceed the 67.7 tonnes forecast for 2023, according to a mines ministry official. Spot silver fell 0.2 per cent to $22.55 an ounce, platinum was steady at $890.81 and palladium rose 0.1 per cent to $1,144.96. One kilogram of silver is currently trading at Rs 74,100 in Delhi and Mumbai. One kilogram of silver is trading at Rs 77,500 in Chennai.
Gold and silver futures prices fall due to weak spot demand
Amid weak spot demand, speculators reduced the size of their deals, leading to a fall in the prices of gold and silver in futures trade on Monday. The price of gold fell by Rs 393 to Rs 59,015 per 10 grams. In the Multi Commodity Exchange, the price of the contract for delivery in the month of December declined by Rs 393 or 0.66 percent to Rs 59,015 per 10 grams. 13,848 lots were traded in this. Market analysts said that gold futures prices fell due to trimming of their deals by traders. Globally, gold fell by 0.83 percent to $ 1,925.40 an ounce in New York. The price of silver fell by Rs 367 to Rs 70,920 per kg. On the Multi Commodity Exchange, the price of silver contract for delivery in December fell by Rs 367, or 0.51 percent, to Rs 70,920 per kg. 20,568 lots were traded in this. Globally, silver price in New York fell by 0.68 percent to $ 22.74 an ounce.
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