Gold prices fall, Grab huge profits

Nov 05 2019 05:01 PM
Gold prices fall, Grab huge profits

Gold prices have fallen for the first time in this month. The prices have fallen due to the strengthening of the rupee against the US dollar and falling gold prices worldwide. On Tuesday, the price of 10 grams of gold has fallen by Rs 101 per ten grams in Sarafa Bazar of the national capital. At the same time, like gold, the price of silver has also decreased. The price of silver fell to Rs 29 per kg.

New prices of gold have come out on Tuesday. In Delhi, the price of gold has fallen from Rs 39,314 per ten grams to Rs 39,213 per ten grams. At the same time, gold prices rose by Rs 78 to Rs 39,263 per 10 grams in Delhi Bullion Market on Monday.

According to the recently released WGC report, jewelers are meeting their demand with already imported stocks and recycling. This has led to a fall in imports. Also in the local market, the price of gold in September was Rs 39,011 per ten grams, which is now around Rs 38,800 per ten grams. In such a situation, demand has been affected due to being expensive.

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