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If you have been waiting for a long time to invest in gold or silver or buy jewelery for your home, then today is a very special day for you. A historic fall has been recorded in the prices of precious metals today in the bullion market of the national capital Delhi. Due to lack of demand and global pressure, both gold and silver metals have become quite cheap.

Silver becomes cheaper by ₹ 10,500 and gold by ₹ 3,000

After this latest fall in the market, silver prices have taken a huge hit. Silver has fallen heavily by Rs 10,500 to Rs 2,35,000 per kg. This is the lowest level of silver in the last two months. At the same time, the price of gold (99.9% purity) has also been reduced by Rs 3,000, after which its price has reached Rs 1,49,300 per 10 grams. According to experts, this is the lowest price in about three months.

The real reasons behind the decline

International factors are mainly responsible for this huge fall in gold and silver prices. Experts believe that the strong dollar and fears of increase in interest rates in America have dulled the shine of gold and silver. Investors are currently keeping an eye on the upcoming meetings of the US Federal Reserve, due to which there is a selling environment in the market. Despite positive news to US-Iran talks, there was no sustainable rise in precious metals and the market is back to worrying about interest rates.

international market pressure

The trend of decline is not limited to Delhi only. Gold and silver are also under pressure in global markets (COMEX). In the spot market, gold is trading near $ 4,121 an ounce, falling by more than $ 70. At the same time, a decline of more than 4 percent has been recorded in silver, due to which it remains around $ 62 an ounce. Market experts believe that until there is stability at the international level, this fluctuation in prices may continue. In such a situation, this can be an opportunity for investors, but before making any investment it is important to understand the market trends.