Gold slipped from record high before Diwali, silver also became cheaper, know the price of your city

Gold Price: Manav Modi, Senior Analyst, Commodity Research, Motilal Oswal Financial Services Ltd, said that investors are waiting for more signals on US interest rates from the Federal Reserve. Due to this, gold prices stabilized in the international market.

Bookmark

Gold slipped from record high in bullion market

Gold Price: This is a great opportunity for those who buy gold. Gold has become cheaper in the bullion market before Diwali. Silver prices have also fallen. In such a situation, if you miss out on buying gold, you will miss a better opportunity. According to the information given by the All India Bullion Association (AIBA), due to fresh selling by stockists and retailers, the price of gold in Delhi's bullion market on Tuesday, October 15, 2024 came down from the record high. It fell by Rs 50 to Rs 78,650 per 10 grams. At the same time, the price of 99.9% pure gold rose by Rs 200 to an all-time high of Rs 78,700 per 10 grams on Monday. The price of silver in the bullion market fell by Rs 1,000 to Rs 92,500 per kg, while last time it closed at Rs 93,500 per kg.

Gold price stable in international market

Manav Modi, Senior Analyst, Commodity Research, Motilal Oswal Financial Services Ltd, said that investors are waiting for more signals on US interest rates from the Federal Reserve. Due to this, gold prices stabilized in the international market. He said that persistent concerns about the West Asia conflict also maintained the demand for safe havens. Along with this, the sharp rise in the dollar index and US bond yields is also affecting the prices. He said that this week the main focus will be on US retail sales, IIP and China's GDP data, which will give direction to bullion prices.

Gold became cheaper by Rs 126 in futures trading

Amid weak global cues, the price of gold in futures trading fell by Rs 126 to Rs 75,920 per 10 grams. On the Multi Commodity Exchange (MCX), the price of the contract for delivery in December fell by Rs 126 or 0.17% to Rs 75,920 per 10 grams. 14,443 lots were traded in it. Globally, gold fell by 0.11% to $2,645.69 an ounce in New York.

Silver slipped in the futures market

Silver prices in futures trade fell by Rs 276 to Rs 90,460 per kg as traders reduced the size of their deals amid weak spot demand. The price of silver contracts for delivery in December on MCX fell by Rs 276 or 0.3% to Rs 90,460 per kg. 27,789 lots were traded in it. Globally, silver prices in New York fell by 0.38% to $31.07 an ounce.