Gold Price Today: The trend of fluctuations in the price of gold continues. Today once again a decline in gold prices has been seen. Following the weak global trend, the price of gold fell by Rs 150 to Rs 81,150 per 10 grams in the bullion market of the capital Delhi on Wednesday. This decline in gold prices has been seen due to weak demand from jewelers and retail shopkeepers. All India Bullion Association gave information about this change in the price of gold.
No change in silver price on Wednesday
While on one hand there was a decline in the price of gold today, on the other hand the price of silver remained stable at Rs 96,700 per kg without any change. In the national capital on Monday, the price of gold of 99.9 percent purity fell by Rs 150 to Rs 80,750 per 10 grams. Earlier it had closed at Rs 80,900 per 10 grams. During the day's trading, gold fell by Rs 1007 to a low of Rs 77,500 per 10 grams.
Huge fluctuations in gold prices amid rise in dollar index
Jatin Trivedi, Vice President Research Analyst (Commodity and Currency), LKP Securities, said, “Gold prices are witnessing huge fluctuations due to the strengthening of the dollar index due to the US election results, with Rs 78,500 and Rs 77,500.” There were rapid fluctuations between the rupee.
US dollar will strengthen due to Donald Trump's economic agenda
In the global market, Comex gold futures were trading at $ 2734.10 an ounce, down 0.57 percent or $ 15.60 an ounce. The US dollar is rising as the market believes that Donald Trump's economic agenda and tariffs will strengthen the US currency. This in turn is negative for the precious metal as it is priced and traded primarily in dollars. In the Asian market, Comex silver futures fell 1.10 percent to $ 32.42 an ounce.
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