Gold, Silver Price Today: Monday was a soft day for the Indian bullion market. The prices of both gold and silver fell. The price of gold fell by Rs 1150 per ten grams and the price of silver also slipped by Rs 300 per kg. Indiscriminate selling by jewelers and retailers is being held responsible for this softening in the prices of precious metals. Traders believe that bullion sentiment was largely weak due to concerns over US President Donald Trump’s economic policies, which could create favorable conditions for the US dollar.
Gold and silver prices decreased in Delhi
On Monday, the price of gold in Delhi’s bullion market fell by Rs 1,150 to Rs 78,350 per 10 grams. Whereas in the last trading session, on Friday, it closed at Rs 79,500. On Monday, the price of gold of 99.5 percent purity fell by Rs 1,150 to Rs 77,950 per 10 grams. At the same time, the price of silver also fell by Rs 300 to Rs 92,500 per kg. Whereas in the last trading session it was at Rs 92,800 per kg. It has fallen by Rs 4,500 per kg in the last two trading sessions.
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Jatin Trivedi, Vice President, Currency-Commodity Research Analyst, LKP Securities, said that the period of fluctuations in gold prices continued on Monday. There were ups and downs in it last week also.
Gold and silver prices increased in international markets
Talking about international markets, the price of one ounce future gold in Comex was trading up by $ 2.70 at $ 2,678.50. At the same time, the price of silver was also increasing by 0.26 percent at US $ 31.11 per ounce. Saumil Gandhi, Commodity Senior Analyst, HDFC Securities, said that the ongoing geo-political tension in West Asia, especially due to Israel’s air and ground strikes in Gaza, is supporting gold in the form of safe haven demand and Its decline is being curbed.
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Gold and silver prices will increase slowly in 2025
According to the World Gold Council, after the record-breaking rise this year, the prices of the precious metal will increase more slowly in the new year i.e. 2025. However, next year’s growth is likely to be influenced by factors such as growth and inflation rates.
