Gold Price Today
The slight rise in the dollar index has given a big blow to a brake once again on gold prices. Due to which silver prices have also seen a decline. In the country’s capital Delhi, the price of gold has seen a decline of Rs 400, on the other hand the price of silver has fallen by Rs 1,500. The special thing is that gold has become cheaper by Rs 900 and silver Rs 2,500 in two days. According to experts, the prices of gold and silver can be seen further.
One is indications of globally live political and tariff tension. On the other hand, there is a surge in the dollar index. In the coming days, more pressure can be seen in the prices of gold. According to experts, the Fed can cut interest rates by 25 basis points in September. Due to which the pressure in gold prices will be reduced and the prices will be seen in the price. Let us also tell you how much gold prices have gone in the country’s capital Delhi.
Gold and silver prices fall
According to the All India Bullion Association, the price of gold fell by Rs 400 to Rs 1,00,020 per 10 grams in the country’s capital Delhi on Wednesday. At the time of the last market closure, gold with 99.9 per cent purity closed at Rs 1,00,420 per 10 grams. Gold prices have seen a decline for the second consecutive day. In these two days, gold has become cheaper by Rs 900 per ten grams. Apart from this, gold with 99.5 percent purity fell by Rs 350 to Rs 99,700 per 10 grams (including all taxes) on Wednesday. On Tuesday, it closed at Rs 1,00,050 per 10 grams. Apart from this, silver prices fell by Rs 1,500 to Rs 1,12,500 per kg (including all taxes) on Wednesday. On Tuesday, this white metal closed at Rs 1,14,000 per kg. In two days, silver prices have seen a decline of Rs 2,500 per kg.
Why did gold fall fall?
Gold prices continued to fall on Wednesday as the US dollar reached a week’s highest level with a slight increase. After the positive results of the meetings with Vladimir Putin, Volodimir Zelansky and European leaders, the geopolitical risk premium declined. Soumil Gandhi, Senior Analyst (Commodities) of HDFC Securities, said that this incident has hoped for the possible conflict of the ongoing struggle, which has led to a probable solution of the ongoing struggle, which has led to a probable solution of the ongoing struggle, which has led to a prominent solution of the ongoing struggle, which causes the probability of the ongoing struggle which leads to the possible conflict, Is. In foreign markets, the spot gold was trading at $ 3,326.04 an ounce with a slight increase. Gold prices came to a low of three weeks as the dollar strengthened, while investors were waiting for the final speech of the US Federal Reserve President Jerome Powell at the Jackson Hole Seminar on Friday.
Will gold be cheaper?
Motilal Oswal Financial Services’ precious metal research analyst, Manav Modi, said that in the meantime, the US dollar index reached its highest level of more than a week and the dollar/rupee came to a price of 87, which put further pressure on domestic prices. However, silver in the global market was trading at $ 37.07 an ounce with a decline of nearly 1 percent. Modi said that investors will closely monitor the details of the Federal Reserve meeting, which will be released later, which is expected to get more information about the stance of the central bank and the direction of bullion prices.