Top News

After four consecutive days of decline, there was a jump in gold prices on Tuesday and the price crossed Rs 1.44 lakh. The special thing is that a rise in the prices of gold was also seen in the futures market of the country. On the other hand, there was no change in the prices of silver in Delhi. Whereas silver was seen under pressure in the futures market. If experts are to be believed, there may be fluctuations in the prices of gold and silver in the coming days. Let us also tell you what are the prices of gold and silver in the country's capital Delhi?

gold and silver prices

According to the All India Bullion Association, on Tuesday, gold prices in the national capital broke their four-day falling trend and rose by Rs 1,200 to Rs 1.44 lakh per 10 grams, while silver prices remained stable at Rs 2.30 lakh per kg. Gold with 99.9 percent purity had closed at Rs 1,43,600 per 10 grams (including all taxes) on Monday. Traders attributed the rise in domestic gold prices to improvement in global commodity markets and some buying at lower levels after the recent heavy fall. In international markets, spot gold rose again after nine sessions of decline; Its price rose by $ 16.96 (or 0.38 percent) to $ 4,423.83 an ounce, while silver was trading at $ 69.86 an ounce, up 1.03 percent.

what do experts say

Praveen Singh, head of commodities at Mirae Asset Sharekhan, said that after falling for nine consecutive days, spot gold is trading steady at around $4,420 an ounce in the overseas markets. There is an atmosphere of cautious optimism regarding the Iran war, as US President Donald Trump has announced a five-day ceasefire over attacks on energy facilities in Iran. However, he also said that there are still doubts about the effectiveness of this ceasefire, due to which the attitude of investors remains cautious. Analysts say that due to mixed signals from the geopolitical front, bullion (gold and silver) prices are likely to remain volatile in the near future.