Gold fell 0.14 per cent to Rs 48,636 per ten gram in MCX. This is the third consecutive decline in Gold in the last three sessions. Last in gold
The strength of the dollar has increased as the possibility of a Kovid package in America has strengthened. Due to this, gold has become expensive in the global market for other currency holders. However, the price of gold fell in the domestic market on Monday.
Gold at one-month low
Gold fell 0.14 per cent to Rs 48,636 per ten gram in MCX. This is the third consecutive decline in Gold in the last three sessions. This is the lowest level in gold during the last one month. In contrast to the fall in gold, silver rose and rose 0.3 per cent to Rs 64,984 per kg. In the last session, gold had fallen by Rs 500 per ten grams. While the silver had fallen by Rs 1700 per kg.
Gold price falls in Delhi market
On Friday, gold fell by Rs 369 to Rs 49,224 per 10 grams in Delhi Bullion Market. Earlier on Thursday, gold had closed at Rs 49,131 per 10 grams. On Friday, the price of silver was Rs 65,388 per kg. Gold spot gold fell 0.2 percent to $ 1,881.65 an ounce in the global market. But this week it gained 2.3 percent.
Silver also fell by one per cent. Palladium fell 0.8 per cent to $ 1035.91. Meanwhile, the holding of SPDR Gold Trust, the world’s largest gold ETF, fell 0.2 per cent to 1,167.82 tonnes due to declining Dilspi of investors in gold. Gold prices in the global market may see further pressure due to increased hopes of getting the US relief package approved. In the domestic market too, there may be a fall due to this effect.
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