New delhi: The pris of both gold and silver when a huge fall. Gold Fell by Rs 400 per 10 grams in delhi’s bullion market, while silver fell by Rs 2,500 per kg. In Indore too, gold became cheaper by Rs 550 and silver by Rs 800.

Gold price in Delhi

According to the all India Sarafa Shan, Gold of 99.9 Percent Point in Delhi Fell by Rs 400 to Rs 97,620 per 10 grams on Friday. Its price was 98,020 on thuresday. At the same time, gold of 99.5 Percent Purity Fell by Rs 300 to Rs 97,500 per 10 grams, which has lost last closed at Rs 97,800.

The price of silver also continued to decline and it fell by Rs 2,500 to Rs 1,09,500 per kg. On thuresday it was 1,12,000 per kg.

Reason for Decline: Fed’s Stance and Strength of Dollar

Jatin Trivedi of Lkp Securities Said That The Main Reasons are the Us Federal Reserve Not Giving Any Indication of Cutting Interest Rates and Maintening An Aggressive Stance. This has weakened the demand for gold as a safe investment. Saumil Gandhi of HDFC Securities Said That The Last Trading Day of the Week Was Weak Due to Strength in the Dollar and Lack of Demand at the Global Level.

International Market Situation

Globally, Spot Gold Rose 0.12 Percent to $ 3,294.31 An Once, While Silver Fell 0.75 Percent to $ 36.44 An Ouance. Price Remained Under Pressure Due to Declining Investor Confidence and Strengthing of the Dollar Index.

Gold and Silver Pries Fell in Indore too

The effect of the Fall was also after in the local bullion market of indore. On Friday, Gold Became Cheaper by Rs 550 per 10 grams and study at Rs 98,950. Silver Became Cheaper by Rs 800 and Stood at Rs 1,11,800 per kilogram. The price of silver coin remained at Rs 1,200 per piece.