Gold price: Gold and silver are falling due to weakness in global markets, check today's latest prices

Gold price today: Due to weakness in global markets, gold prices fell by Rs 80 to Rs 72,820 per 10 grams at the Delhi Bullion Market on Wednesday. At the close of trade on Tuesday, gold was at Rs 72,900 per 10 grams. Silver also fell by Rs 1,200 to Rs 91,900 per kg. It was Rs 93,100 per kg in the last trade. In the international market, spot gold traded at $2,332 an ounce, a decline of three dollars from the previous closing price. Although gold remained weak due to the strength of the dollar, there were signs of weakness in the US labor market. With this, the confidence that the US Federal Reserve will soon reduce the interest rate has been strengthened. Apart from this, silver also fell to $29.75 an ounce. Gold prices fell by Rs 86 to Rs 71,911 per 10 grams on Wednesday as gold prices eased in the futures market. On the Multi Commodity Exchange (MCX), the contract for delivery in August fell by Rs 86, or 0.12 per cent, to Rs 71,911 per 10 grams. Out of which 16,407 loads were traded. Market analysts said gold prices fell due to a weaker trend in global markets, with gold up 0.19 percent to $2,351.80 an ounce in New York. Also Read: Sensex bounces back over 2,300 points after election result jitters Silver futures settled at Rs 509 on Wednesday as traders reduced their volume of contracts. 89,150 per kg amid weak demand. On the MCX, silver for July delivery fell by Rs 509, or 0.57 per cent, to Rs 89,150 per kg. Out of which 22,798 loads were traded. Globally, silver rose 0.14 percent to $29.59 an ounce in New York. Also read: Dependence on political parties will reduce government's strength in economic reforms The post Gold price: Gold and silver cheap due to weakness in global markets, see today's latest prices.