- Gold reached Rs 51,727 per 10 grams
- Silver reached Rs 67,997 per kg
- Gold had reached Rs 54,377 per 10 grams
new Delhi. There is a huge decline in gold and silver. On Tuesday, once again gold became cheaper by Rs 668 to Rs 51,727 per 10 grams. At the same time, silver also fell by Rs 1,390 to Rs 67,997 per kg. In the last five days, gold has become cheaper by about Rs 3500. Bullion market experts say that before the results of the US Fed meeting on March 16, there has been a big jump in US bond yields. Due to this there has been a big fall in the prices of gold.
Big fall in international market too
In the international market, the price of gold fell at $ 1919 an ounce. On the other hand, silver was at $ 24.90 an ounce. It is noteworthy that recently the price of gold had crossed $ 1950 an ounce in the international market.
gold will be cheaper now
Anuj Gupta, Vice President, India Infoline Securities told India TV that further downside is expected in gold. In the international market, the price of gold can fall to $ 1900 an ounce. At the same time, silver can fall to $ 24.20 an ounce. In such a situation, there may be further fall in the price of gold and silver in the Indian market.
Gold had gone beyond 54 thousand
On March 9, gold rose by Rs 427 to Rs 54,377 per 10 grams in the Delhi bullion market. Silver also rose by Rs 710 to Rs 72,028 per kg. Due to this, gold has become cheaper by about Rs 3500 and silver by more than Rs 4000.