Gold Price Fall by Rs 300 after Five Weeks, Silver Price Decrease Marginally

The price of Gold dropped by Rs 300 and came down to Rs 41,370 per ten grams in the Delhi Bullion Market Last week. The reason for the price drop after a 5-week steady rise was because of softening of precious metals abroad. Meanwhile, silver was at Rs. 48 thousand /kilogram with a slight drop of 25 rupees.

Gold Price Fall by Rs 300 after Five Weeks, Silver Price Decrease Marginally
Gold Price Fall by Rs 300 after Five Weeks, Silver Price Decrease Marginally

Last week in the Delhi Bullion Market, Gold price fell by Rs 300 and it came down to Rs 41,370 per ten grams. This price drop after a five-week steady rise domestically is due to softening of precious metals in abroad. During this period, silver was at Rs. 48 thousand per kilogram with a slight fall of 25 rupees. According to information from London and New York last week, gold spot fell by $ 5.84 to $ 1,556.20 an ounce. US gold futures in February were quoted at $ 1588 an ounce on the weekend amid fluctuations. Silver spot fell by $ 0.09 to $ 18.00 an ounce.

The price of eight grams of Guinea fell by Rs 200.

• During the week under review in the local market, the gold standard fell by Rs 300 to Rs 41,370 per ten grams. 

• Sona Bitur also fell at the same level of Rs 41,200 per ten grams on weekends.

• Sovereign, with eight grams, fell by Rs 200 to Rs 30,800 per unit. 

• The silver spot fell by Rs 25 to Rs 48,000 per kg on the weekend. 

• Silver futures fell by Rs 155 to Rs 46,756 per kg. 

• Coin buying and selling were at 970 rupees and 970 rupees per unit, with weekly fluctuations of Rs 10 each.