There was a slight decline in the price of gold on Tuesday. According to HDFC Securities, gold prices in the national capital on Tuesday saw a marginal decline of Rs 36 per 10 grams. Due to this, the rate of gold in the city came down to Rs 45,888 per 10 grams. In the previous session, the price of gold was at Rs 45,924 per 10 grams. The fall in the metal prices at the international level and the rise in the value of the rupee led to the fall in gold prices.
Silver prices rise
Apart from the fall in the price of gold, there was a rise in the price of silver. According to HDFC Securities, silver prices in Delhi rose by Rs 73 per kg. Due to this, the price of silver reached Rs 61,911 per kg. In the previous session, the price of silver was at Rs 61,838 per kg.
According to Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, "Due to the fall in gold prices on Comex (New York-based commodity market) and the strengthening of rupee, the spot price of 24 carat gold in Delhi rose by Rs 36 per 10 grams. There has been a decline.
gold and silver price globally
gold futures price
On the Multi Commodity Exchange, the price of gold for delivery in October, 2021 was trading at Rs 46,868 per 10 grams, down by Rs 158, or 0.34 percent. In the previous session, the rate of gold with October contract was at Rs 46,908 per 10 grams. The rate of gold with December contract was trading at Rs 46,930 per 10 grams with a fall of Rs 163 or 0.35 per cent. In the previous session, the price of gold contracted in December was at Rs 47,093 per 10 grams.
silver price in futures market
On MCX, the price of silver for delivery in December 2021 was down by Rs 552, or 0.87 percent, to Rs 62,747 per kg. Similarly, the price of silver for March 2022 contract was trading at Rs 63,630 per kg with a loss of Rs 504 or 0.79 per cent.