Gold bullish, silver dream busted after Federal Reserve data

Gold-silver prices: Prices of the precious yellow metal gold fell sharply after the Federal Reserve took an aggressive stance in its statement. At the same time, the dream of becoming a silver millionaire has been shattered for now. In Delhi's bullion market, gold prices fell by Rs 1,050 per 10 grams, while silver prices fell by Rs 2,500. At the same time, a fall in the prices of gold and silver was also seen in futures trading and international markets. Gold prices fell by Rs 1,050 and silver by Rs 2,500 in Delhi. Gold prices fell for the second day in a row in Delhi's bullion market. Gold prices fell by Rs 1,050 to Rs 73,550 per 10 grams on Thursday amid a fall in precious metal prices globally. Gold closed at Rs 74,600 per 10 grams on Wednesday. With this, the price of silver also decreased by Rs.2,500 and was sold at Rs.92,600 per kg. It closed at Rs 95,100 per kg in Wednesday's trade. Gold prices also remained weak in the international market. Spot gold traded at $2,375 an ounce on the Comex (commodity market), down $42 from the previous closing price. Globally, gold fell 1.19 percent to $2,387 an ounce in New York. At the same time, silver prices also fell to trade at $30.80 an ounce. Silver was last traded at $31.75 an ounce. Globally, silver fell 3.04 percent to $30.54 an ounce in New York. Silver futures fall: Silver fell by Rs 1,983 to Rs 91,030 per kg in futures trade on Thursday. On the Multi Commodity Exchange (MCX), the silver contract for July delivery fell by Rs 1,983, or 2.13 per cent, to Rs 91,030 per kg. Out of this, 25,739 loads were traded. Gold Weak in Futures Trade Amid weak demand, speculators cut their contract volumes, due to which gold prices fell by Rs 731 to Rs 72,315 per 10 grams in futures trade on Thursday. On the Multi Commodity Exchange (MCX), the contract for delivery in June fell by Rs 731 to Rs 72,315 per 10 grams. Out of which 7,956 loads were traded. Online Health Insurance: Benefits, Precautions and Best Plans in India What Experts Say According to HDFC Securities, details indicate that US Federal Reserve officials are in no rush to cut interest rates after the Federal Reserve meeting took an aggressive stance. Spot prices of 24 carat gold fell by Rs 1,050 to Rs 73,550 per 10 grams in Delhi markets, according to Chaumil Gandhi, senior analyst at HDFC Securities Commodity. Now the government will jump into the pan and the onion will not run, the government will tie it up in radioactive processing, The post The gold that collapsed after seeing the details of the Federal Reserve, has broken in Prabhat Kabar.