Gold Silver Price Today 25 January 2021: On Monday, gold fell 0.05 per cent to Rs 49,116 per ten grams in MCX, while silver fell 0.39 per cent to Rs 66,900 per kg.
During the last few sessions, gold and silver prices have fallen due to profit booking. In the domestic market, both rates fell on Monday. Republican and Democratic lawmakers, along with the Joe Biden administration in the US, discussed a $ 1.9 trillion relief package for the economy. Due to this, the price of gold in the global market increased. Investors invest in gold for hedging inflation. This increases its prices.
MCX reduced gold and silver prices
On Monday, gold fell 0.05 per cent to Rs 49,116 per ten gram in MCX, while silver fell 0.39 per cent to Rs 66,900 per kg. Gold fell by Rs 263 to reach Rs 46,861 per ten gram in Delhi on Friday.
At the same time, the price of silver fell by Rs 806 to Rs 66,032 per kg. Spot gold reached Rs 48290 per ten grams in Ahmedabad on Monday, while Gold Future sold at Rs 49,095 per ten grams.
Gold rose in the global market
In the global market, gold climbed 0.3 percent to $ 1858.57 an ounce, while the US gold showed little change and it sold at $ 1856.60 an ounce. The demand for physical gold increased due to the purchase of Chinese New Year.
Meanwhile, the holding of SPDR Gold Trust, the world’s largest gold ETF, declined 0.7 per cent to reach 1173.25 tonnes. Silver prices rose and rose 0.9 per cent to $ 25.61 an ounce. C J or. Platinum rose 0.6 percent to $ 1105.06 an ounce. Palladium rose 0.1 percent to 2,355.83 dollars an ounce.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.