Gold and silver prices fell down.
New Delhi: Gold fell
to a one-week low of Rs 41,890 per ten grams in the Delhi Bullion Market today
amid the decline in yellow metal abroad. Silver declined for the second
consecutive day. It fell by Rs 200 to Rs 47,400 per kg. This is the lowest
level of gold and silver since January 29.
Gold has been under
pressure due to the rise in the dollar
According to
information from London and New York, gold spot fell by $ 9.70 to $ 1,568.95 an
ounce today. US gold futures for April also declined by $ 10.10 to $ 1,572.30
an ounce. Market analysts said gold was under pressure due to the dollar's
appreciation against other major currencies of the world. The strengthening of
the dollar made gold costly for countries with other currencies of the world.
Due to this demand remained low and gold prices were broken. In contrast to
gold in the international market, the silver spot shone $ 0.05 to $ 17.72 an
ounce.
Sovereign remained stable at eight grams
In the local market,
the gold standard fell by Rs 480 to Rs 41,890 per ten gram from the previous
trading day's record level. Sona Bitur also sold at Rs 41,720 per ten gram in
the fall. Sovereign held steady at Rs. 30,900 per piece of eight grams. Silver
spot fell by Rs 200 to Rs 47,400 per kg. Silver futures also fell by Rs 410 to
Rs 45,890 per kg. Coin buying and selling day remained unchanged at Rs 970 and
Rs 980 per unit respectively.
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