Gold price today: Gold and silver (Gold Silver latest price) have come down drastically on the last trading day of the week due to the rise in rupee against the dollar and slowdown in the international market.
Gold price today: Gold and silver (Gold Silver latest price) have come down drastically on the last trading day of the week due to the rise in rupee against the dollar and slowdown in the international market. On Friday, the price of gold fell by Rs 451 in Delhi bullion market and the closing price was Rs 46,844 per 10 grams. On Thursday, the price of 10 grams of gold was Rs 47,295.
Big fall in silver too
A big fall of Rs 559 was recorded in silver today (Silver latest price). Silver has fallen to Rs 67,465 per kg. Silver was at Rs 68,024 per kg on Thursday. 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 showing gains throughout the week
Even though there was a downward trend in the price of gold today, but gold has risen in a week. For the third consecutive week, the price of gold has seen a rise. According to Tapan Patel, Senior Analyst, HDFC Securities, the fall in US bond yields is the reason for the rise in gold prices. Gold has gained more than 1 per cent in the whole week.
delivery rate of gold and silver
There is also a decline in gold delivery on MCX. Gold for August delivery was trading lower by Rs 31 at Rs 47690 per 10 grams. Gold for delivery in October was trading at Rs 47945, down by Rs 91. Silver delivery is seeing a boom at this time. Silver for September delivery was trading higher by Rs 44 at Rs 69006 per ten grams. Silver for December delivery was trading at Rs 70341 with a gain of Rs 84.
