If you are thinking of buying gold, then there is good news for you. Now buying gold has become cheaper. In the national capital Delhi, the price of gold has fallen by Rs 810 to Rs 46,896 per 10 grams. According to HDFC Securities, it has shown the effect of overnight fall in the prices of precious metals in the international market. In the previous trade, the precious metal had closed at Rs 47,706 per 10 grams.
Silver also declined by Rs 1,548 to Rs 62,720 per kg. In the previous trade, it was at Rs 64,268 per kg.
Tapan Patel, Senior Analyst at HDFC Securities said that despite a fall of Rs 810 in spot gold price for 24-carat gold in Delhi, the impact of overnight fall in Comex Gold price is visible.
In the international market, both gold and silver were trading at $1,806 an ounce and $24.05 an ounce, respectively.
At the same time, gold prices in Mumbai, which is the financial capital of the country, are present at Rs 47,884 per 10 grams. At the same time, the price of silver in the capital of Maharashtra is present at Rs 64,532 per kg.
On the other hand, silver prices in Kolkata are present at Rs 64,700 per kg. At the same time, gold can be bought in the capital of West Bengal for Rs 48,700.
Gold prices fell by Rs 106 to Rs 47,817 per 10 grams in futures trade. On the Multi Commodity Exchange, gold contracts for December delivery fell by Rs 106, or 0.22 per cent, to Rs 47,817 per 10 grams. This price is for business turnover of 4844 lots.
At the same time, silver prices declined by Rs 632 to Rs 63,932 per kg in futures trade on Tuesday. On the Multi Commodity Exchange, silver contracts for December delivery fell by Rs 632, or 0.98 per cent, to Rs 63,932 per kg. These prices are for business turnover of 7,199 lots.
The rupee on Tuesday closed at 74.43 against the US dollar after recovering most of the early losses. The reason for this is a positive trend in domestic equities and fall in crude oil prices. In the interbank forex market, the local unit opened at 74.48 and saw an intraday high of 74.38 and a low of 74.57.