New Delhi: A day after the presentation of the general budget, a major decline in the prices of gold and silver has been recorded. At the international level, the effect of the fall in gold prices was also visible on the domestic market. On Monday, the price of 10 grom gold in Delhi Sarafa Bazar fell by Rs 281. Silver declined more than gold. The price of one kilogram of silver was reduced by Rs 712. According to HDFC Securities, despite the weakness in the rupee, prices have fallen due to weakness in gold in the global market.
Manufacturing activity becomes fastest due to new orders and output
On Monday, the price of gold in Delhi Bullion Market has fallen from Rs 42,029 to Rs 41,748 per 10 grams. Earlier, on the day of Budget i.e. February 1, 2020, there was a big rise in the price of gold. The price of 10 grams of gold was 277 rupees expensive. Gold and silver were weak in international markets. During today's trade, gold was at $ 1,578 an ounce and silver was at $ 17.78 an ounce.
Sandeep Matharani becomes CEO of WeWork, will join soon
Silver prices have come down drastically due to reduced industrial demand. On Monday, the price of silver has come down from Rs 48,218 to Rs 47,506 per kg. Silver had become expensive by Rs 483 on the budget day. Tapan Patel, Senior Analyst (Commodities), HDFC Securities, said that the domestic market had an impact on weakness in the global market. Due to which gold prices declined.
Budget 2020 gives this relief for the senior citizen and beggars