In the bullion market, the price of gold has declined on Wednesday. Apart from this, the price of gold has fallen by Rs 128 in the national capital Delhi, due to this fall, the price of gold has come down to Rs 41,148 per 10 grams. According to HDFC Securities, this decline in the price of gold has been recorded in the domestic market due to the fall in global gold prices. It is being told that in the last session, gold had closed at Rs 41,276 per 10 grams on Tuesday.
HDFC Securities Senior Analyst (Commodity) Tapan Patel said that the price of 24-carat gold in Delhi has also declined by Rs 128 on Wednesday. Patel said that the price has come down due to the fall in global gold prices. The same Patel said that the strength in the equity indices also supported the fall in the price of gold. Along with gold, the price of silver has also declined on Wednesday. Silver has fallen by Rs 700 on Wednesday. Due to this, the price of silver has now come to Rs 46,360 per kg.
It is being told that silver had closed at Rs 47,060 per kg in the previous session. At the same time, on the international market, both gold and silver saw a decline on Wednesday. Gold was trending at $ 1,562.5 an ounce and silver at $ 17.51 an ounce. Talking about the futures market, on the MCX exchange, gold was trending at Rs 40,421 per 10 grams, with a slight increase of 0.03 per cent or Rs 11 on Wednesday evening.