Gold Price, Silver Price: In the Indian bullion market, the price of gold rose and the price of silver remained stable. On Tuesday, the price of gold in Delhi rose by Rs 550 to Rs 71,600 per gram. Whereas in the previous trading session, gold was at Rs 71,050. At the same time, the price of silver remained unchanged at Rs 84,500 per kg.
Gold became expensive in the Indian bullion market
In Delhi bullion market, the price of 99.5 percent pure gold has again increased to Rs 71,250 per ten grams. Whereas during the last trading session its price was Rs 70,700. Experts have attributed this rise in gold prices to the decrease in demand on the domestic front and the strong trend in the international market.
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HDFC Securities Senior Commodity Analyst Saumil Gandhi said that the Federal Reserve is expected to keep interest rates stable on Wednesday, but all eyes will be on any indication of a rate cut in September. In a report on Tuesday, the World Gold Council (WGC) said that due to record high prices, gold demand in the Indian market fell by 5 percent to 149.7 tonnes during the first quarter of the current financial year.
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The price of precious metals also increased in the international market
Talking about the international market, the price of one ounce spot gold in Comex was trading at $ 2,432.90 per ounce. At the same time, the price of silver was trading at $ 27.94 per ounce, up 0.27 percent. Market experts say that the price of gold is stuck in a range before the results of the policy meeting of the Bank of Japan and the US Central Bank.
