Mumbai: Gold prices have fallen for the second consecutive day in the domestic market. In the bullion market of Delhi, the capital of the country, the price of gold has become cheaper by Rs 102 per ten grams, while the price of silver has come down by Rs 815 per kg in a single day due to falling industrial demand. On Friday, the price of gold in Delhi has come down from Rs 38,958 per ten gram to Rs 38,856 per ten gram.
Earlier on Thursday, gold prices fell by Rs 53 per ten grams. Silver prices fell from Rs 45,764 per kg on Friday to Rs 44,949 per kg due to reduced demand from the industry. This decline in silver prices has been recorded due to a decrease in purchases of industrial units and coin traders. Meanwhile, on Friday, the rupee opened at Rs 71.70 with a majbuti of 6 paise.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Gold prices remained steady at $ 1,467 an ounce on Friday after selling in the Thursday evening session." Experts say that there has been almost an agreement on trade war between America and China. Due to this, there has been a big decline in gold demand.
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