Gold price today: US job market data has come out better than expected. Due to this, there is a huge pressure on the price of gold and silver. In the last two trading sessions, gold has become cheaper by more than Rs 1600.
Gold Silver price: US job data for the month of July has come out better than expected. Apart from this, the wage (salary) is also increasing. After this data is revealed, it is believed that the US Federal Reserve will increase the interest rate prematurely. This is the reason that on the first day of the week there is a huge pressure on the prices of gold and silver. The price of gold has fallen by Rs 1600 in just two days.
Gold rate today: Gold for October delivery on MCX at 10.35 am was trading down by Rs 617 at Rs 46023 per ten grams. Gold for delivery in December was trading at Rs 46250 with a fall of Rs 526. So far, gold has become cheaper by about Rs 2000 in August. If it falls further by Rs 23, then gold will become 45 thousand.
Silver rate today: At this time on MCX, there is a huge decline in silver too. Silver for September delivery was trading at Rs 63680 per kg with a fall of Rs 1320. Silver for December delivery was trading at Rs 64560 with a fall of Rs 1260. Silver has become cheaper by about Rs 4200 in August.
Gold Latest Rate
Gold Silver rate international market: In the international market, gold was currently trading at the level of $ 1,740.40 per ounce with a fall of $ -22.70 (-1.29%). The price of silver is down by $ -0.448 (-1.84%) to $ 23.878 per oz. During trading today, gold had reached the lowest level of $ 1,677.90 and silver reached the lowest level of $ 22.29. Brokerage firm Geojit Financial Services says that now the support of gold is at the level of $ 1665.
Crude Oil Price: The 10-year US bond yield is seeing an uptrend after the job data has improved. At present, it is at the level of 1.305 percent with a strength of +1.34%. The dollar index is at the level of 92.793 in the red mark. Today again there is a huge fall in crude oil. It was trading at $ 69.44 per barrel, down by $ 1.26 (-1.78%). After a long time, crude oil has come under $ 70.