New Delhi. Today, September 9, 2021, the price of gold in the Indian bullion market fell. Due to this, the price of gold has reached below Rs 46,000 per 10 grams. At the same time, a big fall in the price of silver has been registered today. Due to this, silver has reached below Rs 63,000 per kg. During the last trading session, gold closed at Rs 46,148 per 10 grams in the Delhi Bullion Market. At the same time, silver closed at Rs 63,545 per kg. In contrast to the Indian bullion market, gold prices rose in the international market today, while the rupee did not change significantly.
Gold is getting cheaper at Rs 10,248
Gold prices fell by Rs 196 per 10 grams in the Delhi Bullion Market on Thursday. In the national capital, 99.9 grams of pure gold closed at Rs 45,952 per 10 grams today. On this basis, gold is getting cheaper at Rs 10,248 per 10 grams compared to its maximum level. Let us tell you that in August 2020, gold touched a maximum of Rs 10,6,200 per 10 grams. On this basis, there are still opportunities to invest in gold. In fact, according to experts, the price of gold this year may exceed the level of 60 thousand rupees. At the same time, gold prices rose 1, 1,793 an ounce in international markets today.
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Silver has reached below Rs 63,000
The price of silver has also shown a declining trend today. For this reason, white precious metal has reached below Rs 63,000 per kg. Silver fell by Rs 830 to Rs 62,715 per kg in Delhi’s bullion market on Thursday. At the same time, there was no significant change in the price of silver in the international market today and it reached .0 24.05 an ounce.
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Why is gold declining?
Navneet Damani, vice president of commodity research at Motilal Oswal Financial Services, said gold prices have consistently fallen below 18 1,800 an ounce. In fact, this is because the strong pressure of the dollar on the price of gold remains constant. Due to this, due to the ongoing unrest in the international market, the price of gold in the Indian market today has declined.
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