Gold-silver prices: On the day of counting, gold fell by Rs.200 and silver by Rs.800.
GOLD-SILVER PRICES: Yellow and white precious metals gold and silver prostrated softly to welcome a fall in precious metal prices in global markets and the new government to be formed after the polls in India. According to HDFC Securities, gold fell by Rs 200 to Rs 72,450 per 10 gram at the bullion market in Delhi on Monday. However, the price of gold was Rs 72,650 per 10 grams at the end of trading hours on Friday. At the same time, the price of silver in Delhi also decreased by Rs.800 to Rs.92,900 per kg. It was Rs 93,700 per kg in the last trade. Gold and silver cheap in Delhi, HDFC Securities senior analyst Chaumil Gandhi said spot gold (24 carat) prices in Delhi markets were at Rs 72,450 per 10 grams, down by Rs 200 from the previous closing price. . Apart from this, silver prices also fell to $30.19 per ounce. An ounce was last traded at $30.37. In overseas markets, spot gold on the Comex traded at $2,320 an ounce, six dollars lower than the previous closing price. Gandhi said gold started trading lower due to a change in market sentiment following a possible ceasefire in Gaza and lack of demand for safe-haven assets. Gold also eased in futures trade, with gold prices falling by Rs 222 to Rs 71,612 per 10 grams on Monday as speculators reduced the size of their deals amid weak spot demand. On the Multi Commodity Exchange (MCX), the contract for August delivery fell by Rs 222, or 0.31 per cent, to Rs 71,612 per 10 grams. Out of which 16,869 loads were traded. Globally weaker gold prices fell 0.06 percent to $2,344.30 in New York, market analysts said. Also Read: Shares of Atari Group companies fell by Rs 516 in exit bol futures trade on Monday as traders reduced their volume of contracts to Rs 91,054 per kg. On the MCX, silver for delivery in July fell by Rs 516, or 0.56 per cent, to Rs 91,054 per kg. Out of which 24,391 loads were traded. Globally, silver rose 0.33 percent to $30.34 an ounce in New York. Also Read: These stocks bloomed after the poll, how will the move look like during the countdown The post Gold-silver prices: On the day of the countdown, gold prices fall to Rs 200, silver to Rs 800. .