Gold prices in the bullion market recorded a sharp fall on Friday. Also, there has been a slight fall in the price of silver. According to HDFC Securities, the price of gold has fallen by Rs 232 in the national capital on Friday. With this drop in prices, the price of gold has come down to Rs 38,486 per 10 grams. According to securities, the fall in the price is due to the strengthening of the rupee. At the same time, silver has recorded a slight decline of only Rs 7 on Friday.
Talking about the spot price of 24-carat gold in the national capital, it also declined by Rs 232 on Friday. HDFC Securities Senior Analyst Tapan Patel said that the fall in international prices and the rupee strengthened the price. Significantly, in Delhi, gold had closed at Rs 38,718 per 10 grams on Thursday. The Indian rupee was trading 33 paise higher at 70.50 against a dollar in early trade on Friday.
On one hand, the price of silver has come down to Rs 45,189 per kg due to a fall of only seven rupees on Friday. Earlier on Thursday, silver had closed at Rs 45,196 per kg. Silver declined on Friday due to a decrease in buying by industrial units and coin traders. Talking about the global market, on Friday, gold was rising at $ 1,470 an ounce and silver was trending at $ 16.93 an ounce. was.