Suspense Crime Sach Ka Dam
The price of gold slipped from its record high on Tuesday. The price of gold in the national capital fell by Rs 50 to Rs 78,650 per 10 grams on October 15, 2024. According to the All India Sarafa Association, silver prices fell by Rs 1,000 to Rs 92,500 per kg amid fresh selling by stockists and retailers, while it had last closed at Rs 93,500 per kg. Let us tell you, on Monday, the precious metal of 99.9 percent purity rose by Rs 200 to an all-time high of Rs 78,700 per 10 grams.
Gold with 99.5% purity
According to the news, gold of 99.5 percent purity fell by Rs 50 to Rs 78,250 per 10 grams on Tuesday. On Monday, it closed at Rs 78,300 per 10 grams and reached its record high. Traders attributed the fall in yellow metal prices to weak demand from local jewelers.
The weakening dollar supports gold in futures trading.
However, the price of gold contracts for December delivery rose by Rs 54 or 0.07 percent to Rs 76,100 per 10 grams in futures trading on the Multi Commodity Exchange (MCX). However, the price of silver contracts for December delivery fell by Rs 101 or 0.11 percent to Rs 90,635 per kg on MCX.
However, gold found support as the dollar weakened and it rose from US$ 2,640 to US$ 2,655. Globally, Comex gold rose 0. 16 per cent to US$ 2,669. 90 an ounce, said Jatin Trivedi, Vice President Research Analyst, Commodity & Currency, LKP Securities.
Expert opinion
Manav Modi, Senior Analyst, Commodity Research, Motilal Oswal Financial Services Ltd, said gold prices stabilized as investors awaited more cues on US interest rates from a series of US Federal Reserve speakers this week, while bets on a November rate cut persisted. A sharp rise in the dollar index and US gold are also weighing on prices. Silver rose 0.08 percent to $31.34 an ounce in overseas markets.
