30th March, 2021
In the domestic bullion market, both gold and silver precious metals declined on Tuesday. According to HDFC Securities, the domestic spot price of gold declined by Rs 138 on Tuesday. Due to this fall, the price of gold was reduced to Rs 44,113 per 10 grams. According to Securities, the domestic price has fallen due to the fall in prices globally. Significantly, in the previous session, gold had closed at Rs 44,251 per 10 grams.
Along with gold, the spot price of silver also declined on Tuesday. Silver declined by Rs 320 per kg. Due to this fall, the price of silver has been reduced to Rs 63,212 per kg. Significantly, silver had closed at Rs 63,532 per kg in the previous session.
Talking of international level, both spot and futures prices of gold were seen trading on Tuesday evening. The global futures gold prices fell by 1.13 percent, or $ 19.30, to trade at $ 1695.30 an ounce. At the same time, the global spot price of gold appeared to trade at $ 1695.76 an ounce, down 0.96 percent or $ 16.44.
Talking about silver, its prices were also seen trading globally on Tuesday evening. The global futures price of silver was trading at $ 24.45 an ounce, down 1.30 percent or $ 0.32. At the same time, the global spot price of silver was seen trading at $ 24.35 an ounce, falling by 1.23 percent or $ 0.30.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Gold prices fell on Comex (New York-based Commodities Exchange) due to selling. Gold has come down to a two-week low level due to the strong dollar.