After touching the record level, gold rates have started falling once again. Today, there has been a fall in the gold price in Thursday’s market. At the same time, silver has also become cheaper today. Amid a weak global trend, gold prices on Thursday fell by Rs 430 to Rs 60,250 per 10 grams in the bullion market of the national capital.
In the last trading session, gold had closed at Rs 60,680 per 10 grams. According to HDFC Securities, silver also declined by Rs 750. With today’s fresh decline, silver prices fell to Rs 72,450 per kg.
Prices fell in the international market as well
HDFC Securities Senior Analyst (Commodities) Saumil Gandhi said, “Spot gold prices declined by Rs 430 to Rs 60,250 per 10 grams in the Delhi Bullion Market.” remained the same, while silver also declined to $ 23.09 an ounce. Spot gold prices declined in COMEX (commodity market) due to rise in US bond yields and dollar.
fall in gold futures prices
Gold prices on Thursday declined by Rs 44 to Rs 59,816 per 10 grams in futures trade as speculators reduced their positions amid weak demand at the spot spot. On the Multi Commodity Exchange, the contract for delivery in June declined by Rs 44, or 0.07 per cent, to Rs 59,816 per 10 grams. There was a turnover of 7,400 lots.
Silver became cheaper in the futures market
Silver prices on Thursday declined by Rs 95 to Rs 70,991 per kg in futures trade as participants reduced their positions amid subdued demand at the spot market. On the Multi Commodity Exchange, silver for delivery in July fell by Rs 95, or 0.13 per cent, to Rs 70,991 per kg. There was a turnover of 13,662 lots.