Gold prices fell by Rs 46 per 10 grams today due to weak global trend. HDFC Securities said that due to this, gold prices closed at Rs 49,754 per 10 grams in Delhi bullion market.
Gold Price Today:Â Today on Monday, there was a fall in the price of gold due to global reasons. Gold prices fell by Rs 46 per 10 grams today due to weak global trend. Due to this, gold prices closed at Rs 49,754 per 10 grams in Delhi bullion market. HDFC Securities gave this information. Due to this, gold had closed at Rs 49,800 per 10 grams in the previous trading session.
However, silver rose by Rs 213 to Rs 59,452 per kg. Silver had closed at Rs 59,239 per kg in the previous trading session. HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot gold of 24 carat in Delhi fell by Rs 46 in line with the fall in gold prices in the global market.”
Due to the strengthening of the dollar, gold prices wereÂ
trading lower in the international market at $ 1,797 an ounce, while silver fell marginally to $ 20.96 an ounce. Patel said, “Gold prices fell by 0.77 per cent to $1,797 an ounce in the spot trading of New York-based commodity exchange Comex on Monday, leading to a fall in gold prices here. Despite the decline in bond earnings, a strong dollar kept pressure on gold prices.
The value of the dollar continued to rise and under its pressure, investors became disillusioned with gold. Dollar is currently close to 105 in the global market, which is showing the highest level of 20 years. Apart from this, the ever-increasing data of inflation has put selling pressure on the investors. They are apprehensive that taking loans will become costly if interest rates rise further. So it is important to save now.
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