New Delhi: Indian Currency Due to strong rupee and weak demand, the price of gold in the Delhi bullion market fell by Rs 68 to Rs 38,547 per 10 grams on Tuesday. It is noteworthy that gold closed at Rs 38,615 per 10 grams in the national capital New Delhi on Monday. At the same time, silver also declined marginally by Rs 39 to Rs 45,161 per kg.
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On Monday, silver had closed at Rs 45,200 per kg. This fall in silver prices has been recorded due to a decrease in buying by industrial units and coin traders. HDFC Securities Senior Analyst (Commodities) Tapan Patel has said that the 24-carat pure gold price fell by Rs 68 in Delhi due to strong rupee. During the day's trade, the rupee witnessed a gain of 16 paise against the dollar. In addition, the pressure on gold prices in the country increased due to weak demand.
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Gold in New York was $ 1,455.30 an ounce, while silver was found to be trading at $ 16.88. Gold was trading at Rs 38,615 per 10 grams on Monday.
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