Before you go to sleep, gold is cheap and silver doubles

Gold price today: Domestic gold prices fell by Rs 350 per 10 gram on Wednesday due to a fall in the price of the precious yellow metal in the international market. In contrast, the price of silver rose by Rs 200 per kg. According to the information provided by the All India Bullion Association, the price of gold in the Delhi bullion market has decreased by Rs.350 to Rs.71,350 per 10 grams. In Tuesday's trading session, gold of 99.9 per cent purity was priced at Rs 71,700 per 10 grams. Silver price has risen again. It ended at Rs 82,200 a kg, up by Rs 200. On Tuesday, the price of silver was Rs 82,000 per kg. The price of gold has decreased in the international market and the government has reduced the customs duty, the price of gold has decreased in the international market, and the price of gold has decreased in the domestic market. In the international market, gold prices were quoted at $2,393 per ounce, which was $16 lower than the previous closing price. Apart from this, silver fell to $26.90 an ounce in the international market. Dilip Parmar, research analyst at HDFC Securities, said the ban on gold purchases by the People's Bank of China (PBOC) has also affected the gold market. China's central bank did not buy gold for the third month in a row. Gold prices rose in the futures market as fresh contracts were bought amid strong spot demand, with gold prices rising by Rs 10 per 10 gram to Rs 68,975 in futures trade. On the Multi Commodity Exchange (MCX), the contract for August delivery rose by Rs 10, or 0.01 per cent, to Rs 68,975 per 10 grams. Out of which 18,223 loads were traded. Gold rose 0.06 percent to $2,433.10 an ounce in New York. Also read: If you try to become a betting king, you will go straight to jail Moreover, the price of silver futures falls, as traders reduce the size of their contracts. Silver was Rs 601 in futures trade. 79,022 per kg has come down. On the MCX, the silver contract fell by Rs 601, or 0.75 per cent, to Rs 79,022 per kg in September. Out of which 28,899 loads were traded. Silver was down 0.79 percent at $27 an ounce in New York. Also Read: Who is the woman to take over Ratan Tata's seat and what is her connection with Cyrus Mistry? The post Gold prices fell, silver doubled before sleep appeared first on Prabhat Khabar.