News Analysis India

Tag: Silver

  • Gold prices fall, silver also slips

    In the domestic market, gold prices have come down from a record Rs 56,200 per 10 grams to Rs 50,437 per ten grams. In this sense, gold has become cheaper by Rs 5763 per ten grams in a month.

    At the same time, the price of silver in August was Rs 80,000 per kg. Which today has come down to Rs 61,250. Therefore, the price of silver has come down by Rs 18750 per kg.

    On Monday, the first trading day of the week, gold and silver prices fell on the commodity exchange MCX. On the MCX, gold futures slipped 0.22 percent to Rs 50437 per 10 gram in early trade today.

    Similarly, silver futures fell 0.7 percent to Rs 61,250 per kg. Gold had lost 0.3 percent in the previous session, while silver had fallen by 0.2 percent. 

  • Gold prices fall by Rs 250, Silver falls by Rs 300

    Sony-silver prices fell marginally on Tuesday. This fall due to the impact of international market also had an impact on Raipur bullion market. Gold on Tuesday was cheaper by Rs 250 compared to Monday at Rs 52,750 per ten grams (standard). Silver fell by Rs 300 to Rs 63,700 per kg. Bullion experts say that if the demand for both precious metals increases in the festive season, the prices of both metals will definitely increase further. Currently, international trade has been affected due to Corona. For this reason, the price of expensive metals is also increasing. Our country has a tradition of buying precious metals on the festival of Dhanteras. Considering the demand and supply, due to this, prices can also be affected. Along with the Sarafa institutions, the branded jewelery companies are planning a festival offer. Some institutes are planning to give customers time in advance, keeping in mind the crowds that occur on festive days. The festive season is also visible in the bullion market in Chhattisgarh. Although the increase in prices of gold and silver has definitely affected its subscription, but their sales are also expected to increase during the festival and plain season. According to experts, the price of gold and silver will continue to fluctuate in the local market right now.

  • Chance to shop in gold, silver again! Prices have fallen so much

    After yesterday’s boom, the prices of gold, silver today are again under pressure, gold is trading at MCX with a weakness of more than 550 rupees. The price on MCX has come down to 52364. Today gold started with a fall.

    New Delhi:After yesterday’s rally, today the prices of gold and silver are again under pressure, gold is trading at MCX with a weakness of more than Rs 550. The price on MCX has come down to 52364. Today gold started with a fall. Gold opened at Rs. 52675 per 10 grams today as compared to yesterday’s closing of 52930. The prices of silver are also seeing huge fluctuations. Silver has once again slipped below 70 thousand rupees per kg. The prices of silver are seen dropping by more than Rs 2700. On Thursday, silver closed at 71077 with a strength of Rs 4324 and today started with a fall, silver opened today at Rs 70650. Gold and silver are also showing softness in international markets. According to Bloomberg, gold futures on Comex fell by $ 8.90 to $ 1,961.50 an ounce. 1, while gold fell by $ 1.95 in the spot market.

    According to the India Bullion and Jewelers Association (IBJA), till 12 noon, the price of 24 carat gold in Sarafa Bazar was Rs 52956 per 10 grams. While the price of 22 carat gold was Rs 52744 per 10 grams. Silver is priced at Rs 68676 per kg.

  • Gold Price Today: Gold prices fall drastically, Silver also breaks more than Rs 5,000, know what is the rate

    New Delhi Gold prices fell drastically in the national capital on Wednesday, due to Russia’s announcement of a Coronavirus vaccine and signs of a recovery in the dollar. According to HDFC Securities, on Wednesday, gold fell sharply by Rs 1,228 to Rs 52,946 per 10 grams in Delhi. The closing price of gold was Rs 54,174 per 10 grams in the previous session. Similarly, there was a tremendous decrease in silver prices by more than Rs 5,000 a day. On Wednesday, silver fell by Rs 5,172 to Rs 67,584 per kg. The closing price of silver was at Rs 72,756 per kg in the previous session. 

    HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Delhi saw a decrease in the spot price of 24 carat gold by Rs 1,228”. 

    Gold prices rise in international market

    Internationally, gold is up at $ 1,930 an ounce. At the same time, silver is priced at $ 25.70 an ounce.  

    Patel said, “Gold prices recovered on Wednesday after falling below $ 1,900 in early trade.” 

    There has been a sell-off in gold considered safe asset due to the announcement by Patul Patel Russia to make Coronavirus vaccine. According to HDFC Securities, gold prices fell in early trade due to strong recovery in the value of the dollar.

    Navneet Damani, Vice President (Commodities), Motilal Oswal Financial Services, said that in the US, positive data related to the economy, strong dollar and the boom in the equity market are witnessing tremendous fluctuations in gold and silver prices. The announcement of Russia making the Kovid-19 vaccine also saw a drop in gold prices.

    What is the trend in futures market

    At 6:10 pm in the futures market, gold prices for delivery on October 5, 2020 rose by Rs 135, or 0.26 per cent to Rs 52,064 per 10 grams. At the same time, on September 4, 2020, the price of contracted silver is at Rs 65,656 per kg, with a steep fall of Rs 1,278, ie 1.91 per cent.

  • Gold Price 29 July: Gold prices reached 52000 level, silver also cheaper, know the price of ten grams of gold and one kg of silver

    After staying on the peak for two days this week, gold and silver prices have broken. Today, the prices of both have fallen in the domestic market. Gold has now gone down to a maximum level of 52 thousand rupees. Similarly, the price of silver has also fallen to a record level of 64 thousand rupees. On Wednesday, 9 am on the MCX exchange, gold futures fell by Rs 85 to Rs 52 thousand 506 per 10 grams for the upcoming 5 August 2020. Was trending On October 5, 2020, the futures price of gold was down by Rs 47 to Rs 52 thousand 631 per 10 grams today. The silver futures have seen a fall in the domestic futures market this morning. Silver futures on MCX MCX was down by Rs 63 to Rs 64 thousand 941 per kg on Wednesday morning at 9:10 am on Wednesday. Earlier, silver spot price in domestic bullion market Tuesday.

    On Wednesday morning, silver futures on Comex was seen trending at $ 24.30 an ounce without any change. The global spot price of silver was down by 0.82 per cent, or $ 0.20, at $ 24.20 an ounce. Internationally, gold futures trended up by 0.30 percent, or $ 5.90, to trade at $ 1,969.80 an ounce. Apart from this, the global spot price of gold was currently trending at $ 1,951.91 an ounce, down 0.33 percent or $ 6.52.