Gold Price Today: On Tuesday, the price of 10 grams of gold in Delhi bullion market (Gold Price) decreased by 130 rupees. At the same time, the price of one kilogram of silver (Silver Price) decreased by Rs 305.
Gold became cheaper
On the second trading day of the week, the prices of gold and silver (Gold Silver Price Today) have come down drastically. On Tuesday, the price of 10 grams of gold in Delhi Bullion Market (Gold Price) decreased by 130 rupees. At the same time, the price of one kilogram of silver (Silver Price) decreased by Rs 305. However, gold and silver prices rose in the futures market. According to HDFC Securities, the weakness in gold prices in the international market had an impact on the domestic market.
New Gold Price (Gold Price on 13 April 2021): On Tuesday, the price of gold in Delhi bullion market fell from Rs 46,223 to Rs 46,093 per 10 grams. In the international market, gold was at $ 1,726 an ounce.
New Silver Price (Silver Price on 13 April 2021): On Tuesday, the price of silver fell from Rs 66,345 to Rs 66,040 per kg in Delhi Bullion Market. In the international market, silver was flat at $ 24.89 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel says spot gold is trading at $ 1,726 an ounce on COMEX (New York 26 based Commodities Exchange).
Futures market boom
After two days of decline, the prices of gold and silver in the Indian markets have increased on Tuesday. On Tuesday, June futures gold (Gold Price Today) is trading at Multi Commodity Exchange (MCX) with an increase of 0.18 percent. On the other hand, prices of May futures silver rose by 0.71 per cent. After rising sharply last week, gold has been struggling for the past few days due to increase in US bond yields.
Gold ETF investment increased fourfold
Investors’ confidence has been wavering amid increasing corona risk, local lockdown and night curfew. Due to this, they are again moving towards safe investment of gold. In the last financial year 2020-21, investors invested Rs 6,900 crore in Gold Exchange Traded Funds (Gold ETF). This is the second consecutive financial year when gold ETFs have been invested. At the same time, there were frequent withdrawals from Gold ETFs from 2013-14.
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