Gold Rate: After reaching the record high, once again the price of gold in Delhi bullion market has registered a fall of about Rs.500. In such a situation, check the latest rate of 10 grams of gold in the news below.
After reaching the record high, the price of gold and silver has come down. In the Delhi bullion market, the price of gold fell by Rs 470 per ten grams, while the price of silver decreased by Rs 420.
According to HDFC Securities, gold closed at Rs 59480 per ten grams, while silver closed at Rs 68550 per kg. Here on MCX, at 7.45 in the evening, a big drop in gold is being seen. With a big fall of Rs 800, it has come down to Rs 59700 per ten grams. There is a fall of about Rs 450 in silver and it is below Rs 68400 per kg.
Gold was 60 thousand on Monday-
On Monday, gold had closed beyond 60 thousand in the Delhi bullion market. In the international market, the price of gold on Comex is $ 1966 an ounce, while the price of silver is $ 22.40 an ounce. Gold had crossed 2000 dollars on Monday.
The brokerage’s Senior Commodity Analyst Saumil Gandhi said that gold prices declined on Comex on Monday in Asian trading hours. Now the eyes of the investors are on the decision regarding the policy interest rate of the US Federal Reserve.
24 carat gold price
According to the data available on Indian Bullion Jewelers Association ie IBJA website, today’s closing price of 24 carat gold is Rs 5919 per gram. Similarly, the price of 22 carat was Rs 5777, 20 carat was Rs 5268, 18 carat was Rs 4794 and 14 carat was Rs 3818 per gram.
Fed’s decision will decide the future of gold-
Sharekhan said in its report that the demand for physical gold in the domestic market has dropped by 40 per cent in the last ten days. Since the American Banking Crisis, tremendous growth is being seen in it. The European crisis has added fuel to the fire. The market is now eyeing the Federal Reserve meeting on March 21-22.
If there is no increase in the interest rate, then there will be a boom in gold in the short term. For gold on MCX, there is resistance at Rs 60,000 level, while there is first support at Rs 58,800 level and second support at Rs 58,350 level.
