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New Delhi: There is a continuous decline in the gold price in the Indian market. There was a tremendous fall in gold prices in the bullion market on Tuesday as well. Today, the price of gold was seen to fall by Rs 1,200 per 100 grams, that is, up to Rs 120 per 10 grams. Gold prices fell for the second consecutive day in India amid weak global cues. On MCX, gold futures fell 0.24% to 44,795 per 10 grams while silver fell 0.5% to 66,013 per kg. In the previous trading session, gold had fallen by 0.18% while silver had fallen by 1.6%.
Gold Prices – Gold price of 22 carat gold on Tuesday is Rs 4,38,000 per 100 grams and Rs 43,800 per 10 grams in Delhi Sarafa Bazar. At the same time, the price of 24 carat gold is Rs 4,47,950 per 100 grams and Rs 44,795 per 10 grams. On Monday, the price of gold had decreased by Rs 302 per 10 grams.
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New Silver Prices – Silver prices also recorded a slight decrease on Tuesday. Silver in the bullion market today came to Rs 66,013 per kg. While on Monday, the price of silver was observed to fall by 1.6%.
Gold in the international market: Silver spot spot fell 0.3% to $ 1,733.69 an ounce. Among other precious metals, silver fell 0.6% to $ 25.61 and platinum was down 0.3% to $ 1,179.59.
So far, gold has become cheaper by Rs 11500 – this year gold has become cheaper by Rs 10,000 in the last few months. In the Corona crisis, it reached the level of 55 thousand rupees. Experts say that gold prices have continued to fall since the onset of Corona vaccination. Economic activity is expected to pick up speed after vaccination.
Why Gold entered decline – Traders and investors are eyeing the auction of American Bond this week. In such a situation, there is pressure on gold prices in Indian markets. At the same time, investors also sold in the wake of a strong dollar and US bond yield during the beginning of trading today. Gold prices also came under pressure.