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Gold Loses Shine as US-China Deal Dims Safe-Haven Demand
Gold Silver Price: On Monday, the price of gold in Delhi fell by ₹300 to ₹1,25,300 per 10 grams. Silver prices rose by ₹1,000 to ₹1,54,000 per kilogram (including all taxes). Let's learn about the full state of the bullion market.
The improving dollar and decrease in global uncertainties have led to a fall in demand for gold as a safe investment, which is reflected in its price. Gold price in Delhi fell ₹ 300 to ₹ 1,25,300 per 10 grams on Monday.
According to the All India Sarafa Association, gold of 99.5 percent purity fell by ₹300 to ₹1,24,700 per 10 grams (including all taxes). It had closed at Rs 1,25,000 per 10 grams on Friday. Gold of 99.9 percent purity had closed at Rs 1,25,600 per 10 grams on Friday. On the other hand, the price of silver rose by Rs 1,000 to Rs 1,54,000 per kilogram (including all taxes). Silver had closed at Rs 1,53,000 per kilogram on Friday.
The dollar index, which measures the dollar's strength against a basket of six currencies, rose 0.09 percent to 99.89, placing pressure on bullion prices. In the international market, Spot gold fell 0.14 percent to below $4,000 to $3,996.77 per ounce. Silver spot was marginally lower at $48.64 per ounce.
