Gold prices
After a steady rise in the price of gold, the people of Delhi got a big relief on Friday. The price of gold in the country’s capital has come below the life time record lower level. Experts believe that due to increase in value of dollars and profit -booking of investors, the price of gold was seen. On the other hand, silver prices have declined. Even after that, the price of silver remains at Rs 1.50. According to the expert, the price of gold and silver can be seen in the coming days. Let us also tell you how much gold and silver prices have gone…
Gold and silver cheaper in Delhi
According to the All India Bullion Association, gold prices fell by Rs 500 to Rs 1,20,600 per 10 grams in the country’s capital Delhi on Friday, which led to the record for five days. Gold with 99.9 per cent purity rose by Rs 1,100 to Rs 1,21,100 per 10 grams on Wednesday to reach Life Time High. Gold with 99.5 per cent purity also fell by Rs 500 to Rs 1,20,000 per 10 grams (including all taxes). It closed at Rs 1,20,500 per 10 grams in the last trading session. On Thursday, local bullion markets were closed on the occasion of Gandhi Jayanti and Dussehra. Like gold, silver prices also fell by Rs 500 to Rs 1,50,000 per kg (including all taxes). The association said that the white metal was stable at Rs 1,50,500 per kg on Wednesday.
Gold became cheaper in foreign markets too
Soumil Gandhi, Senior Commodity Analyst of HDFC Securities, said that on Friday, the bullion market came down from its record level and a decline was recorded. After a slight improvement in the US dollars and the fifth day of the new records, the profit -booking by traders declined. In the international market, the spot gold also saw a decline and on Thursday it came to $ 3,863.51 an ounce after touching the record level of $ 3,897.20 an ounce. Gandhi said that on a weekly basis, gold is ready for seven consecutive weeks lead, which is the longest lead since February 2025. Meanwhile, silver in foreign markets rose by about 1 percent to $ 47.34 an ounce on Thursday after touching a high level of $ 48.10 an ounce.
Will gold and silver increase and increase
Gandhi said that due to the ongoing shutdown of the US government, the market participants are expected to be more dependent on the private sector reports for signs of the labor market and comprehensive economy. He further said that due to the bandh, the non-agricultural pay data will be delayed later during the day. Research head Renisha Chanani in Augmont said that the increase in tariffs by the US has increased concerns about international commerce, which has increased the demand for gold in the form of rescue against uncertainty, while gold has remained the attraction of gold in the form of safe investment due to frequent geopolitical stress.