Gold-Silver Rate: The round of big fall in the price of gold and silver continued for the second day on Tuesday. In the last two days, the price of moon has fallen by about Rs 3200. In fact, today silver fell by Rs 1,071 to 58,652 per kg, from Rs 59,723 per kg in the previous trading session. On Monday also, there was a big fall in the price of silver by Rs 2,121. In this way, the price of silver has fallen by more than Rs 3000 in just two days.

gold became so cheap

Gold on Tuesday fell by Rs 343 to Rs 51,105 per 10 grams in the national capital amid fall in precious metals in the international market. Due to this, gold had closed at Rs 51,448 per 10 grams in the previous trading session. On Monday, gold had fallen by Rs 543 to Rs 51,625 per 10 grams in the Delhi bullion market on Monday. In the international market, gold was trading lower at $ 1,664.3 an ounce and silver was also trading with a loss at $ 19.34 an ounce. Dilip Parmar, Research Analyst, HDFC Securities, said, “Gold declined amid a firming dollar and a higher interest rate outlook. ,

Gold future prices fall due to sluggish demand

Gold prices on Tuesday declined by Rs 145 to Rs 50,878 per 10 grams in the futures market as speculators reduced positions amid weak spot demand. On the Multi Commodity Exchange, gold for delivery in December fell by Rs 145, or 0.28 per cent, to Rs 50,878 per 10 grams. It had a turnover of 16,822 lots. Market analysts said offloading of positions by participants mainly led to the fall in gold futures prices. Globally, gold was trading 0.14 per cent lower at USD 1,672.80 an ounce in New York. Silver prices on Tuesday fell by Rs 652 to Rs 58,450 per kg in futures trade as participants reduced their positions on weak spot demand. On the Multi Commodity Exchange, silver for delivery in December fell by Rs 652, or 1.1 per cent, to Rs 58,450 per kg. It had a turnover of 15,629 lots.

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