Gold price: On a weekly basis, a fall of Rs 527 was recorded in the price of gold on MCX. In the bullion market, gold declined by Rs 621 on a weekly basis, while silver declined by Rs 1932.
Gold fell by Rs 527 this week.
Gold price today: This week, the price of gold was recorded on a daily basis. On the last day of the week, the closing price of gold on MCX was Rs 47634 per ten grams. On Friday, the price of gold for August delivery fell by Rs 108. Gold for October delivery declined by Rs 142 to Rs 47790 per ten grams and gold for December delivery declined by Rs 86 to Rs 48020 per ten grams.
Last week the closing price of gold was Rs 48053 per ten grams. On a weekly basis, it recorded a fall of Rs 527. On the last day of the week, silver for September delivery fell by Rs 324 to close at Rs 67050 per kg on MCX. Silver for December delivery ended at Rs 68145 per kg with a fall of Rs 440.
gold and silver price in international market
In the last trading session of the week in the international market, gold fell by $ 3.50 (-0.19%) to close at $ 1801.90 per ounce. Silver closed at $ 25.235 per ounce, down by $ 0.146 (-0.58%). On a weekly basis, gold declined by 0.73 per cent while silver declined by 2.18 per cent. This is the third consecutive week when silver has registered a decline.
Gold and silver performance in bullion market
In the Delhi bullion market, gold rose by Rs 256 to close at Rs 46,698 per 10 grams on Friday. Silver also rose by Rs 662 to Rs 66,111 per kg. Last week the closing price of gold was Rs 47,319 per ten grams while the price of silver was Rs 68,043 per kg. On a weekly basis, gold declined by Rs 621 while silver declined by Rs 1932.
Latest Price on IBJA Website
The closing price of 24 carat gold on the IBJA website was Rs 47703 per ten grams this week, while the price of silver stood at Rs 67039 per kg. Last week, the closing price of 24 carat gold here was Rs 48273 and the rate of silver was Rs 68912. On a weekly basis, gold declined by Rs 570 and silver declined by Rs 1873.
This week’s rise in crude oil
In the international market, the price of crude oil saw a rise of $ 0.41 (+0.56%) on the last day of the week and it closed at the level of $ 74.20 per barrel. On a weekly basis, it saw a rise of 0.69 percent. Dollar index closed higher at 92.912 level. It gained 0.26 per cent on a weekly basis. On Friday, the 10-year US bond yield also closed at 1.281 per cent with a gain of -0.29 per cent. It recorded a decline of 1.46 per cent on a weekly basis. This is the fourth consecutive week that bond yields have declined.
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