There is a declining trend in the global bullion market due to many reasons, which has affected the domestic market. Gold has slipped to its lowest level in two weeks due to selling coupled with rise in US bond yields and dollar index. There has been a significant fall in gold in the last trading session. At the same time, there has been a slight increase in silver. Gold in the global market fell by Rs 264 and closed at Rs 46,452 per 10 grams in the Delhi bullion market due to the fall in the rupee. At the same time, silver rose marginally by Rs 4 to Rs 65,484 per kg.
When gold fell, silver rose
There has also been a fall in the prices of gold futures. If we look at the international market, according to GoldPrice.org, today at 09.25 in the morning Indian time, MCX gold is down 0.2 percent and the metal is at the level of $ 1802.45 per ounce. At the same time, silver has gained 0.23 percent at the moment and silver has come to the level of $ 25.34 an ounce.
If we look at the trading of the last trading session, due to the cutting of deals, the price of gold on Thursday fell by Rs 89 to Rs 47,484 per 10 grams in the local futures market. On the Multi Commodity Exchange, gold for delivery in August fell by Rs 89, or 0.19 per cent, to Rs 47,484 per 10 grams. It had a business turnover of 5,987 lots.