Suspense Crime Sach Ka Dam
A steep fall in the price of gold has been observed as soon as the festival of Diwali is over. On Monday, due to fresh selling by stockists and retail shopkeepers in Delhi’s bullion market, the price of gold has come down from its record level. On Monday, the price of gold in Delhi’s bullion market fell by Rs 1300 to Rs 81,100 per 10 grams. The All India Bullion Association has given this information about the latest price of gold. According to the All India Bullion Association, on Thursday (Diwali) last week, gold of 99.9 percent purity in Delhi remained unchanged at its new record level of Rs 82,400 per 10 grams.
There was a huge drop in the price of silver.
Along with gold, the price of silver also remained under selling pressure and fell below 95,000. Today, the price of silver fell sharply by Rs 4600 to Rs 94,900 per kg, while in the last trading session on Thursday, the price of one kg of silver closed at Rs 99,500. Traders say that gold prices have been affected due to sluggish demand from jewelers and retail shopkeepers in the local markets.
The price of 99.5 percent pure gold also fell.
On Monday, the price of 99.5 percent pure gold also fell by Rs 1300 to Rs 80,700 per 10 grams. Whereas in the last session on Thursday, its price was Rs 82,000 per 10 grams, which is its lifetime high. Jatin Trivedi, Vice President, Research Analyst (Commodity and Currency), LKP Securities said, “Gold prices fluctuated as gold found support around $ 2730 on Comex, but it struggled a lot to go above $ 2750.
US elections will have an impact.
Jatin Trivedi said, “The results of the US election are going to come in the next two days, so the market may see a mixed impact, as a result of which MCX may trade in a limited range between Rs 78,000 and Rs 79,000.” Globally, Comex gold futures rose 0.13 percent or $ 3.6 an ounce to $ 2752.80 an ounce. On the other hand, Comex silver futures rose 0.78 percent to $ 32.94 an ounce in the Asian market.
