Gold and Silver Price Today: The effect of the Corona vaccination program is visible on gold prices. Due to the corona vaccination, the tendency of investors towards investing in gold as a safe investment has come down. Due to this, on Thursday, the spot price of gold in the Delhi bullion market fell by Rs 217 per ten grams. After this decline, the price of gold in the capital Delhi came to Rs 44,372 per ten grams. Silver was also on the way to gold. Spot prices of silver have come down to 67 thousand in the bullion market.
According to Tapan Patel, Senior Analyst (Commodities), HDFC Securities, the spot price of 24-carat gold in Delhi declined by Rs 217 due to the fall in Comex gold prices despite the weakness in the rupee.
Silver also shines less with gold
Along with gold, the price of silver also fell on Thursday in the Delhi bullion market. On March 4, the price of silver declined by Rs 1217 per kg. After this fall, the price of silver fell to Rs 66,598 in the capital Delhi. Silver prices closed at Rs 67,815 per kg in the capital Delhi a business day ago. Whereas, gold prices had closed at Rs 44,589 per ten grams.
Gold futures also broke down on Thursday due to continued low demand in the spot price. On MCX, April delivery gold futures prices fell by 0.31 per cent to Rs 44,810 per ten grams.
Light rise in gold in the international market
In contrast to the Delhi bullion market, gold showed strong strength in the international market. Gold traded at US $ 1717 (Rs. 124989.10) per ounce (1 kg = 35.3 ounces) in the international market. Along with gold, silver also gained momentum in the international market. Silver reached US $ 26.09 (Rs. 1899.22) per ounce.