There was a fall in the price of gold on Thursday. Due to the strengthening of the rupee against the dollar, its prices have fallen. However, silver prices have risen.
gold prices fall
There was a jump in the price of gold for the last two days, but on Thursday there was a fall in its price. Gold fell by Rs 93 to Rs 46,283 per 10 grams in the national capital today due to the strengthening of rupee. However, there was a rise in silver. Its price rose by Rs 99 to Rs 66,789 per kg from Rs 66,690 per kg in the previous trade.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “24 carat gold prices declined by Rs 93 in Delhi due to weakness in gold prices at COMEX (New York based Commodity Exchange) and strengthening of rupee. The Indian rupee rose by nine paise to 74.18 against the US dollar in early trade on Thursday. With the fall in the price of gold, there is a good opportunity for the investors. Also, this is a better opportunity for those who buy jewellery.
It is to be known that the price of gold had become costlier by Rs 110 on Wednesday to Rs 46,396 per 10 grams. In the previous session, gold had closed at Rs 46,286 per 10 grams (Gold price today).
In the international market, gold was trading marginally higher at $ 1,780 an ounce and silver was flat at $ 25.96 an ounce. Navneet Damani, Vice President, Commodities Research, Motilal Oswal Financial Services, said, “Gold prices are trading in a range bound range amid volatility in US yields and dollar.
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If you now want to check the purity of gold, then for this the ‘BIS Care app’ has been launched by the government. With this, customers can do anything related to it including checking the purity of gold. In this app, if the license, registration and hallmark number of the goods is found to be wrong, then the customer can complain about it immediately.
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