Gold Silver Price: There is pressure on the price of gold and silver in the international market. Its effect was also visible on the domestic market and on MCX, a fall of more than Rs 475 is being seen in gold and silver.
Gold fell for the second consecutive day.
Gold Silver Price: Today the stock market set a new record. Amidst the boom in the stock market, the pressure on the price of gold is visible on the second day of the week as well. Gold for delivery on August 5 at 12 noon was trading at Rs 47850 per ten grams with a fall of Rs 195. Similarly, gold for October delivery was down by Rs 196 at the level of Rs 47890 and gold for delivery in December was trading down by Rs 155 at Rs 48098 level.
There is also pressure on the price of gold in the international market. At this time it was trading at a level of $ 1,812.05 per oz, down by $ 10.15 (-0.56%). There is also pressure on the price of silver. It was trading at the level of $ 25.315 per oz, down by $ 0.260 (-1.02%). On MCX, silver for delivery in September was trading at Rs 67411 per kg with a fall of Rs 478. Silver for December delivery was trading at Rs 68246 with a fall of Rs 504.
Gold and silver became cheaper on Monday
On Monday, the first day of the week, the price of gold fell by Rs 124 in the Delhi bullion market, while the price of silver recorded a fall of only Rs 18. On Monday, the rate of gold was Rs 46,917 per ten grams and the rate of silver was 66,473 per kg.
Rupee rises against dollar
The Indian rupee on Tuesday rose by four paise to 74.30 against the US dollar amid a cautious trend of traders. Forex traders said investors are waiting for the Reserve Bank of India’s (RBI) policy decision and non-farm payroll data in the US on Friday for further indications. Dollar index is currently down -0.02% at 92.047. This index tells how strong the dollar is against the other six major currencies of the world.
crude oil price
Today bond yields are seeing an uptrend. At this time it is at the level of 1.184 percent with a rise of +1.01%. The price of crude oil is showing pressure for the third consecutive day in the international market. At this time it was trading at $ 72.69 per barrel with a fall of -0.27%.
Also read, Petrol can be cheaper by Rs 5, due to the movement of crude oil and OPEC countries, relief can be given
Also read, 4500 crore IPO of this company of Gautam Adani is coming, documents submitted with SEBI