Categories: Business

gold price down rs 1228 per 10 gram, silver fall Rs 5172 per kg

Photo: FILE

gold and silver price today

new Delhi. Gold and silver prices have seen a sharp drop today after the Corona crisis is expected to come under control. Gold fell by Rs 1,228 to Rs 52,946 per 10 grams in the Delhi Bullion Market on Wednesday after Russia announced the Corona virus vaccine. The closing price of gold on Tuesday was Rs 54,174 per 10 grams. According to information provided by HDFC Securities, along with gold, silver also lost Rs 5,172 to Rs 67,584 per kg, which had closed at Rs 72,756 per kg in the previous trading session.

HDFC Securities Senior Analyst (Commodity) Tapan Patel said, "The spot price of 24-carat gold in Delhi fell by Rs 1,228". In the international market, gold gained $ 1,930 an ounce while silver cost 25.70. Dollars per ounce. "Gold fell below $ 1,900 in morning trade on Wednesday after which it recovered," he said. Patel said Russia was safe to invest after the announcement regarding the corona virus vaccine. Selling increased on the bullion assets considered.

Navneet Damani, vice-president (commodity market research), Motilal Oswal Financial Services, said that "signs of a return to the stock markets, improved returns in the US bond market as well as improved economic data and the dollar strengthened gold and silver prices." I see a lot of upheaval. This is the reason that a sharp decline in these metals was recorded in the business. He said that the development of the first vaccine for corona wire infection in Russia has also changed the sentiments of investors. Damani estimates that the market price of gold can be between 51,500- 53,500 rupees.

This post was published on August 13, 2020 2:00 am

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