Gold Price Today: Gold became costlier by Rs 150, silver price fell by Rs 1,400

Gold and Silver Price Today: On Tuesday, gold prices rose in Delhi’s bullion market, while silver prices fell. In the national capital, the price of gold jumped by Rs 150 per ten grams, while the price of silver fell by Rs 1,400 per kg. International cars are being considered responsible for this change in the prices of metals.

According to HDFC Securities, amid strong trend in the foreign market, the price of 10 grams spot gold (24 carat) in Delhi markets is running at Rs 71,950, which is Rs 150 more than the previous close. Whereas during the last trading session it was at Rs 71,800. At the same time, the price of silver fell by Rs 1,400 to Rs 90,700 per kg. Whereas in the last trading session it was at Rs 92,100.

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Talking about the international market, the price of one ounce spot gold in Comex was trading at US $ 2,303, which is US $ 10 more than the previous closing price. On the other hand, the price of silver was trading soft at US $ 29.20 per ounce. Whereas during the previous trading session it was at US $ 29.50 per ounce.

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HDFC Securities’ Saumil Gandhi said that the price of gold rose on Tuesday. He said that investors covered their shorts ahead of the Federal Reserve’s interest rate decisions and US inflation rate data. In fact, these macroeconomic data may give new indications about interest rate cuts. Saumil Gandhi said that US Treasury yields and the US dollar also fell from their recent highs, which had a positive impact on the prices of the precious metal.