Gold-Silver prices: As per traders, the ease in demand by jewellers and stockists in the local markets amid sluggish trends in the global markets led to a decline in gold prices. People generally buy gold, silver, copper, and other metals on Dhanteras as it is considered auspicious.
The reduction in prices for both metals could be attributed to various global economic factors affecting precious metal markets. Financial analysts believe that the drop in gold and silver prices could encourage buyers who are waiting for favourable rates during the festive season.
In the last six trading sessions, silver prices have zoomed by Rs 10,000 per kg. Gold increased by Rs 2,850 per 10 grams since October 16.
Gold of 99.5 per cent purity climbed by Rs 600 to reclaim its all-time high level of Rs 78,300 per 10 grams. The metal had finished at Rs 78,100 per 10 grams.
Gold-Silver prices on May 30: Both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Thursday. Check the latest city-wise prices here.
There are several factors that influence the prices of gold and silver, including global demand for gold, exchange rate fluctuations, prevailing interest rates, and government regulations governing gold trading.
Silver prices: In bullion trade, it's usually gold that takes all the limelight but on Wednesday it was Silver's moment to shine along with gold. The precious metal was in huge demand.
A major escalation in tensions between the US and Iran - the two biggest oil producing nations - following a US airstrike killing one of Iran's most powerful military commanders, General Qasem Soleimani, has sent global financial markets into a tailspin. While the stock markets have taken a beating, gold, silver and oil prices have jumped sharply.
Spot gold prices for 24 Karat in Delhi was trading marginally down by Rs 30 to Rs 38,955 in absence of festival buying and weak global prices.
Silver was also on weak ground, tumbling Rs 1,400 to Rs 48,500 per kilogram.
In the previous session, gold had risen by Rs 200.
New Delhi: Gold prices today fell by Rs 320 to trade at Rs 25,050 per 10 gm and silver cracked the Rs 34,000-level to trade at about five-year low at the bullion market here due
Singapore: Gold prices plunged by Rs 410 to Rs 26,690 per 10 grams at the bullion market on Monday on a weak global trend amid easing demand from jewellers.Silver also fell sharply by Rs 550
Mumbai: Gold prices surged ahead to its highest level in four-month at the bullion market here powered by robust uptick from stockists and investors as well as good seasonal demand.Silver staged a strong come back
New Delhi: Gold prices today recovered slightly by Rs 20 to Rs 30,700 per ten gram in the national capital on seasonal demand and a firming trend overseas. On the other hand, silver remained steady
New Delhi: Gold prices fell from three-week high by losing Rs 200 to Rs 30,000 per 10 grams here today on profit-selling by stockists at prevailing higher levels amid weak global trend.Silver also snapped two-day
NEW DELHI: Snapping its five-day losing streak, gold prices rose by Rs 300 to Rs 30,400 per ten grams here on Tuesday on revival of buying at existing lower levels amid a firm global trend.Silver
New Delhi:Gold and silver extended gains for the second straight day at the bullion market today on sustained buying by stockists in line with a firming global trend. Traders said sentiment bolstered following a firming global
New Delhi, May 24: Rising for the third day in a row gold prices inched up by Rs 20 to Rs 29,530 per 10 grams at the bullion market here today on the back of
New Delhi, May 4: Gold prices rose by Rs 55 to touch fresh all-time high of Rs 29,750 per 10 grams in the bullion market here today on sustained buying from stockists and investors even
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