Gold price today: This is the third consecutive week in the international market when pure gold is seeing an uptrend. Today there is a tremendous jump in the US bond yield, due to which the pressure on the price of gold has increased.
Today gold and silver fell by more than 500.
Gold Silver price today: Gold and silver (Gold Silver latest price) recorded a sharp decline on the last day of the week amid the rise in rupee against the dollar and the slowdown in the price in the international market. On Friday, the price of gold fell by Rs 451 in the Delhi bullion market and today its closing price was Rs 46,844 per ten grams. On Thursday, its price was Rs 47,295 per ten grams.
Silver today recorded a fall of Rs 559 (Silver latest price), after which its closing price was Rs 67,465 per kg. Its price on Thursday was Rs 68,024 per kg. Today the rupee gained 7 paise against the dollar and closed at 74.64. In the international market, gold is trading flat at the level of $ 1802. Silver was currently trading at a level of $ 26.11 per ounce with a gain of 0.50 percent.
Gold prices rise for the third consecutive week
HDFC Securities Senior Analyst Tapan Patel said the fall in US bond yields has triggered a rally in gold prices. This is the third consecutive week when its price has increased. On a weekly basis, at this time gold is seeing a rise of about 1 percent.
Huge jump in yield today
There is a sharp rise in the 10-year US bond yield today. At present, it is at the level of 1.346 percent with a rise of 4.51 percent. Heavy pressure was being seen on the yield for the last three days. The dollar index is down 0.15 per cent at 92.263. This index shows how strong the dollar is against the world’s six major currencies.