Gold, which has hoisted the new record flags every day, came down from its all -time high price ₹ 88,500 on Tuesday. According to the All India Bullion Association, the price of gold in the national capital came to an end to Rs 88,300 per 10 grams with a fall of Rs 200 to a fall of seven days. According to PTI news, the price of gold with 99.5 percent purity also fell by Rs 200 to Rs 87,900 per 10 grams, while in the last trading session it was priced at Rs 88,100 per 10 grams.
Silver price
The price of silver also fell by Rs 900 to Rs 96,600 per kg, while in the previous trading session it was priced at Rs 97,500 per kg. Along with gold, silver has also become constantly expensive. Traders said that gold prices have declined before Fed Chairman Jerome Powell before the Congress, which would be closely monitored for information about the future interest rate-cutting route of the US Federal Reserve.
Gold was on all time high on 10 February
According to the All India Bullion Association, 99.9 percent purity gold rose by Rs 2,430 to an all -time high level of Rs 88,500 per 10 grams on February 10. In the last seven sessions, gold was up Rs 5,660 or 6.8 percent. This year yellow metal has increased by Rs 8,910 or 11.22 percent. Gold futures declined by Rs 333 to Rs 85,483 per 10 grams for April delivery on MCX. During the day yellow metal futures reached an all -time high of Rs 86,360 per 10 grams.
What do experts say
Vice President Research Analyst of LKP Securities – Commodity and Currence, Jatin Trivedi says that gold bounced in MCX in early trade, as tariff concerns promoted shopping in panic. Central banks continued to deposit gold. However, a strong rupee limited the lead in MCX, leading to the prior to the evening session to reach Rs 85,450, which reflects frequent instability. Soumil Gandhi, Senior Analyst (Commodities) of HDFC Securities, said that despite some profits, gold prices, excited by the concerns of global trade war and economic uncertainty, still remain above $ 2,900 level.
Silver futures price today
Silver futures fell by Rs 1,030 or 1.08 percent to Rs 94,265 per kg for March delivery on multi -commodity exchange (MCX). Globally, Comex Gold futures for April delivery were trading at US $ 2,933 an ounce. In the intraday session, it rose to a record high of $ 34 an ounce or 1. 16 percent to a record high level of $ 2,968 an ounce.
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