Gold, gold…cheap gold! 2000 has been reduced in price
Today's Gold Price: If you want to buy gold jewelery or plan to invest in it, then this is a golden opportunity for you. Gold prices fell for the third consecutive day in the bullion market. The price of the precious yellow metal gold fell by around Rs 2000 from Wednesday to Friday, the last trading day of the week. The fall in gold prices over the past three days was attributed to a weak trend in global markets, an aggressive stance in Federal Reserve reports and the release of US economic data. All these three factors have had a major impact on the price of gold. In Delhi, gold prices fell by Rs 2000 in three days. Gold prices fell by Rs 900 to close at Rs 72,650 per 10 grams on Friday for the third day in a row due to the weak trend in global markets. However, earlier on Thursday, gold prices fell by Rs 1,050 to Rs 73,550 per 10 grams and by Rs 50 on Wednesday. In these three days, the price of gold has fallen by around 2000 rupees. Meanwhile, silver fell by Rs 500 to trade at Rs 92,100 per kg. On Thursday, it fell by Rs 2,500 to close at Rs 92,600 per kg. According to HDFC Securities, why gold prices have fallen in Delhi? Gold fell after stronger-than-expected U.S. economic data bolstered hopes that the U.S. Federal Reserve will keep interest rates higher for longer. HDFC Securities Senior Commodity Analyst Saumil Gandhi said spot gold prices in the Delhi market fell by Rs 900 to Rs 72,650 per 10 grams amid subdued signals from overseas markets. On the international Comex (commodity market), spot gold traded at $2,340 an ounce, which is $35 lower than the previous closing price. Silver also fell to $30.45 an ounce. Gold price also fell by Rs 39 in futures trade. Due to this, gold price fell by Rs 39 to Rs 71,538 per 10 grams on Friday. The contract for June delivery on the Multi Commodity Exchange (MCX) fell by Rs 39 to Rs 71,538 per 10 grams. Out of which 7,184 loads were traded. Globally, gold rose 0.15 percent to $2,363.20 an ounce in New York as prices eased, market analysts said. Onion no longer flows after jumping into pan Silver prices rose by Rs 531 to Rs 90,968 in futures trade amid strong demand to tie up silver in radioactive processing. Their contracts are over. On the MCX, the silver contract for delivery in July rose by Rs 531, or 0.59 per cent, to Rs 90,968 a kg. Out of which 25,190 loads were traded. Silver rose 0.59 percent to $30.64 an ounce in New York as traders globally bought new contracts due to a strengthening trend in the domestic market, market analysts said. Looking at the Federal Reserve details, gold surged, silver's dream broke, gold, take gold…cheap gold! 2000 price cut appeared first on Prabhat Khabar.
