Gold Silver Price: Gold becomes cheaper, Know the latest rates here...


Gold Silver Price Today: If you are going to buy gold, then definitely take a look at its price. Yes... Amid weak demand in the spot market, speculators reduced the size of their positions, due to which gold fell by Rs 158 to Rs 50,070 per 10 grams in the futures market on Friday. On the Multi Commodity Exchange, gold for delivery in August fell by Rs 158, or 0.31 percent, to Rs 50,070 per 10 grams. It had a business turnover of 7,335 lots. Market analysts said offloading of positions by participants mainly led to the fall in gold futures prices. Globally, gold was trading 0.31 percent lower at Rs 1,700.50 an ounce in New York.


Condition of Delhi bullion market
Gold prices on Friday fell by Rs 293 to Rs 49,970 per 10 grams in the Delhi bullion market amid a fall in the prices of precious metals in the international market. This information has been given by HDFC Securities. Due to this, the yellow metal had closed at Rs 50,263 per 10 grams in the previous trading session. Silver also fell by Rs 1,075 to Rs 54,326 per kg. Silver had closed at Rs 55,401 per kg in the previous trading session. HDFC Securities Senior Analyst (Commodities) Tapan Patel said 24-carat gold fell by Rs 293 in Delhi, reflecting the fall on Thursday at New York-based commodity exchange Comex. In the international market, gold was trading lower at $ 1,703 an ounce, while silver was almost stable at $ 18.23 an ounce.

Gold price rise in Indore
On Friday, the last day of the week in the local bullion market, the price of gold increased by Rs 175 per 10 grams. Silver sold cheaper by Rs 800 per kg. According to traders, the average prices of precious metals were as follows...
-Gold: Rs 51700 per 10 grams
Silver: Rs 56400 per kg
-Silver coin: Rs 750 per piece


Imports will become costlier as the rupee hits an all-time low
Let us tell you that with the price of the Indian rupee approaching 80 rupees against the US dollar, imports ranging from crude oil to electronic products, foreign education, and foreign travel will become expensive as well as the inflation situation is expected to worsen. Its effect can also be seen in gold.