New Delhi: Due to the strengthening of the US dollar, there has been a huge drop in gold prices internationally. Due to this, the price of gold in the domestic market fell by Rs 672 per 10 grams. At the same time, the price of one kilogram of silver in the Delhi Bullion market fell by Rs 5,781 in a single day. Experts say that the price of gold in foreign markets has dropped by more than 3 percent to a one-month low. Gold fell below $ 1900 an ounce on Comex. However, there is no possibility of further major fall in prices.
New Gold Price (Gold Price on 22nd September 2020) – According to HDFC Securities, the price of gold with 99.9 percent purity in Delhi has fallen by Rs 672 to Rs 51,328 per 10 grams. In its last session i.e. Monday, gold had closed at Rs 52,000 per 10 grams at the end of trading. In the international market, gold closed down at $ 1900 an ounce.
New Silver Prices (Silver Price on 22nd September 2020) – Like gold, silver prices have also seen a huge decline. On Tuesday, the price of one kg of silver has fallen by Rs 5,781 to Rs 61,606 per kg. At the same time, silver closed at Rs 67,387 per kg on Monday just a day before that.
Why Gold and Silver prices fall (Why Gold and Silver Price down in India) – Tapan Patel, Senior Analyst (Commodity) at HDFC Securities said, “24-carat gold lost Rs 672 in Delhi bullion spot market. This reflects the selling trend in the international market.
