Gold-Silver Rates: Gold-silver prices fall for first time in four days, find out today's latest prices
Gold spotted at Rs 47,064 per 10 grams in the Delhi market on Wednesday. Silver also declined by Rs 99 to Rs 68,391 per kg.
Gold and silver prices also declined in the domestic market on Thursday due to the decline in global markets. This is the first decline in the domestic market in the last four days. On Thursday, gold fell 0.32 per cent to Rs 47,857 per ten grams on the MCX, while silver declined one per cent to Rs 68,275 per kg. Gold fell 0.2 percent to 18 1,834 an ounce in global trade.
General rise in gold in Delhi market
Gold spotted at Rs 47,064 per 10 grams in the Delhi market on Wednesday. Silver also declined by Rs 99 to Rs 68,391 per kg. Gold and silver prices closed higher on Wednesday. US President Joe Biden has approved a proposal by the Democratic Party to provide a 1. 1.9 trillion relief package to the economy. This could lead to a further decline in the price of gold.
Investors confused about investing in gold
On the other hand, the holdings of SPDR Gold Trust, the world's largest gold ETP, fell 0.4 per cent to 1148.34 tonnes. On Tuesday it was 1152.43 tons. At present, silver is up 0.6 per cent at 27 27.36 an ounce. Investors are currently confused about gold. Due to the fluctuations in gold in the global market, investors cannot make a clear decision whether to buy or sell. Retail investors want to keep investing until they get a clear indication. Demand for gold is also expected to increase in the domestic market as the government has reduced duties on it. Demand for this specialty has grown significantly as a result of recent corporate scandals.
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