Gold Silver latest price: Data on US inflation rate is about to be released. Before that today the price of gold and silver is seen falling.
The fall in the price of gold.
In the Delhi bullion market, gold fell by Rs 92 to Rs 48,424 per ten grams on Wednesday. HDFC Securities has given this information. In the last trading session, gold had closed at Rs 48,516 per 10 grams. Similarly, silver also fell by Rs 414 to Rs 70,181 per kg. In the previous session, the closing price of silver was Rs 70,595 per kg.
According to the information available on the website of Indian Bullion Jewelers Association ie IBJA, the closing price of 24-carat gold today stood at Rs 48981 per ten grams and silver at Rs 70819 per kg. HDFC Securities Senior Analyst (Commodities) Tapan Patel said that “Gold saw a movement in a limited range amid volatility in the dollar. Investors are eyeing US inflation data.” Navneet Damani, Vice President, Commodity Research, Motilal Oswal Financial Services, said, “Gold is trading in a narrow range as the US inflation data comes out and is due later this week. Investors are cautious about making big deals ahead of the European Central Bank’s policy meeting.
Price pressure in the international market too
There is pressure in gold delivery in the international market. At 5.25 pm, gold was trading at a level of $ 1,892.95 per ounce with a slight decline of $ 1.45. In the domestic market too, there is pressure on the price of gold delivered on MCX. At this time, gold for delivery in August was trading at Rs 49082 per ten grams with a fall of Rs 45. Gold for delivery in October was currently trading at Rs 49420 per ten grams with a gain of Rs 5.
silver delivery rate
Talking about silver, it was trading at the level of $ 27.76 per ounce in the international market. In the domestic market, there is a slight increase in silver delivery on MCX. At present, silver for July delivery was trading higher by Rs 86 at Rs 71317 per kg and silver for September delivery was trading higher by Rs 64 at Rs 72495 per kg.
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