Bond yields have increased in the US market, so there is more investment in them. This is why investment in gold has decreased and its prices are coming down.
Gold and silver prices declined in the Indian market only on the trend of international prices. On Friday, the price of gold and silver decreased in the Indian market. In fact, the bond yield in the US market has increased and due to this investment in gold is decreasing. This has reduced the price of gold in the international market. This trend of the international market had an impact on the Indian market. That is why on Friday, gold prices in MCX fell by 0.35 per cent, ie Rs 161 and now reached Rs 45,965 per ten grams, while silver fell by 1.34 per cent to 675.76. Reached Rs 10 per gram.
Continuous decline in gold in MCX
On Thursday, gold fell to an eight-month low after five consecutive days of decline in MCX. On Thursday, gold fell 0.4 per cent to Rs 46,407 per ten gram, while silver rose 0.4 per cent to Rs 695.00 per ten gram. During the last five sessions, gold has decreased by Rs 2000 per ten grams. In the global market, the price of gold on Thursday was $ 1,782.61 an ounce. Investment in gold is decreasing due to increase in bond yield rate in the US. This is the reason why gold has declined in the international market.
Delhi market also shines on gold
Gold fell on Thursday in Delhi market and it came down to Rs 46,680 per ten grams. At the same time, silver fell by Rs 400 and reached Rs 69,200 per kg. Due to the impact of the global market and the reduction of duty on gold and silver in India, its price is continuously decreasing in the domestic market. …
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.