Gold silver rate today: Gold prices continued to decline in the second consecutive trading session on Tuesday. The gold price fell by Rs 160 on Tuesday in the bullion market in the national capital due to the sluggish demand of jewelery vendors and retailers. The All India Bullion Association gave this information. The price of gold with 99.9 percent purity declined by Rs 160 to Rs 82,840 per 10 grams. It was closed at Rs 83,000 per 10 grams on Monday. Gold with 99.5 percent purity also fell at Rs 160 to Rs 82,440 per 10 grams, while in the last trading session it was priced at Rs 82,600 per 10 grams.
There is no change in silver price
However, silver remained stable at Rs 92,000 per kg on Tuesday. Market sources said that the focus of traders is on the important decision of the FOMC’s interest rate to be held on Wednesday, which will play an important role in affecting the US dollar and will help determine the direction of the next stage of bullion prices. “After US President Donald Trump’s statement that he wants a global fee and ‘2.5 percent bigger”, senior analyst (commodity), HDFC Securities said that he wanted to’ significantly “. Gold continued to decline on Tuesday as the US dollar firmly strengthened compared to its major counterparts. “Comex gold futures in international markets increased by $ 10 an ounce to $ 2,776.20 an ounce.
Bullion prices will be unstable
Comex silver futures Asian market rose 0.48 percent in hours to $ 30.56 an ounce. Senior Research Analyst in Axis Securities-Deveya Gaglani said that traders estimate that the prices of bullion will be unstable this week due to the release of FOOMC meeting as well as advance GDP data, consumer trust report and unemployment claim data, Which can contribute to fluctuations in gold prices.
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