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Amidst the weak trend in the international markets, on Monday i.e. today, the price of gold in the bullion market of the country’s capital Delhi fell by Rs 200 to Rs 79,200 per 10 grams. Whereas, on Friday, the price of gold of 99.9 percent purity closed at Rs 79,400 per 10 grams.
Apart from this, due to weak offtake by industrial units and coin making units, silver also fell by Rs 2,200 to Rs 90,000 per 10 grams. Kilogram remained. At the same time, in the last trading session it had closed at Rs 92,200 per kg. The price of gold of 99.5 percent purity fell by Rs 200 today i.e. on Monday to Rs 78,800 per 10 grams. Whereas, on Friday, gold was at Rs 79,000 per 10 grams.
The price also fell at the international level
Comex (commodity market) gold at the international level. The futures fell by $ 23.50 an ounce, or 0.88 percent, to $ 2,657.50 an ounce. Speaking to news agency PTI, Manish Sharma, assistant vice-president (commodities and currencies), Anand Rathi Shares & Stock Brokers, said, “After hitting an intra-day intraday low of USD 2,621 during Asian trade, gold fell. The decline continued.’
Sharma says that this decline was due to the improvement in the dollar. This has been boosted by a rise in US bond yields and inflation concerns related to President-elect Donald Trump’s proposed tariff rates.
Israel-Lebanon connection
At the same time, Kainat Chainwala, Assistant Vice President (Commodity Research), Kotak Securities, while talking to news agency Bhasha, said, “Last week, Comex gold closed with a weak trend, because in Israel and Lebanon. Demand as a safe-haven option eased following the ceasefire agreement between Hezbollah and Israel.
Also, concerns about persistent inflation raised doubts about the pace of rate cuts next year, he said. Have done. Silver also fell by 1.36 percent to US $ 30.69 an ounce in Asian trading.
