Gold and Silver Rates Today: Gold and Silver Prices Fall Faster, Better Opportunity to Buy
Gold prices fell in global markets on Friday. Due to the rising dollar, there is room for a slight increase in prices.
Gold and silver prices fell 0.5 percent in global markets on Friday, despite a positive mood created by the European Central Bank’s promise to buy bonds and boost the US economy.
The impact was also felt in the Indian market, with gold falling 0.32 percent to Rs 44,737 per 10 grams (one tola) on the MCX. Silver also declined by 0.50 percent to Rs 67,207 per kg.
Gold prices fell in global markets on Friday. Due to the rising dollar, there is room for a slight increase in prices. Spot gold fell 0.3 percent to 7 1,716.50 an ounce. Gold rose 1.4 percent this week. This was the largest increase since the week ended January 22.
Speaking of the domestic market, the gold spot in Ahmedabad today traded at Rs 44,478 per 10 grams and gold futures at Rs 44,700 per 10 grams. On Wednesday, gold in Delhi rose to Rs 44,286 per 10 grams.
Gold closed at Rs 44,174 per 10 grams on Tuesday. Silver prices also rose by Rs 265 to Rs 66,532 per kg. Gold ETF holdings have been declining due to the ongoing softening in gold prices.