New Delhi: Increased dollar price and increase in bond yield in the international market reduced the prices of gold and silver. It affected the domestic market. Meanwhile, US President Joe Biden can make a big decision regarding the investment of about $ 1.9 trillion in infrastructure. The effect of this will also be seen in the bullion market soon.
However, MCX gold fell 0.02% to Rs 47,497 per ten gram in the domestic market on Friday, while silver fell by 0.34%, ie Rs 233 to Rs 68,725 per kg. On Thursday, gold prices rose by Rs 36 to Rs 47,509 per ten grams, while silver rose by Rs 454 to Rs 69,030 per kg. Gold spot in Ahmedabad sold at the rate of Rs. 47907 per ten grams. The gold futures sold at Rs 47450 per ten grams.
However, experts said that there may be more demand in gold further and due to this, its prices may be above the current level. Meanwhile, the position of both gold and silver in the international market was weak. Gold spot fell 0.3% to $ 1820.73 an ounce, while gold futures fell 0.3% to $ 1821.10 an ounce. Platinum fell 1.9% to $ 1211.01 an ounce. Silver fell 0.2% to $ 26.89.
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