On the first trading day of the week in the domestic bullion market, a fall in the spot price of gold was recorded on Monday. According to HDFC Securities, gold prices declined by Rs 464 per 10 grams in the national capital on Monday. Due to this fall, the price of gold has come down to Rs 47,705 per 10 grams. According to Securities, this slowdown has come in the domestic price of gold due to the fall in global prices. It is worth noting that in the previous session, gold had closed at Rs 48,169 per 10 grams.
Along with gold, the domestic spot price of silver also declined on Monday. Silver prices declined by Rs 723 per kg. Due to this fall, the price of silver has come down to Rs 70,420 per kg. It is worth noting that in the previous session, silver had closed at Rs 71,143 per kg.
gold in the world
According to Bloomberg, on Monday evening, the futures price of gold on Comex was down 0.98 percent or $ 18.50 to trade at $ 1861.10 an ounce. At the same time, the global spot price of gold was down by 1.02 percent or $ 19.12 at this time to trade at $ 1858.41 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “The fall in the yellow metal has increased on the back of a strong dollar. Traders and investors look forward to the latest signals from the US FOMC meeting to be held on Wednesday.
On the other hand, Navneet Damani, Vice President (Commodities Research), Motilal Oswal Financial Services, said, “Gold prices have fallen to a low of more than a week. This fall is due to the US Fed Reserve Policy Meet to be held this week and a strong dollar.
silver in the world
Like gold, the global price of silver also saw a fall on Monday. On Monday evening, the global futures price of silver was down 0.93 percent or $ 0.26 to trade at $ 27.89 an ounce. At the same time, the global spot price of silver was seen trading at $ 27.76 an ounce, down 0.55 percent or $ 0.15 at this time.