New Delhi: There is Good news for those planning to buy gold and silver. This is the first time in the last two years that the prices of gold and silver have fallen drastically. Gold prices fell by Rs 700 to Rs 39,270 per ten grams in the Delhi Bullion Market last week amid a sharp decrease in the prices of these metals abroad. At the same time, the price of silver fell by Rs 2,450 to Rs 45,450 per kg.

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However, even after there is marital demand in the market, the global decline dominates their prices. Let us tell you that last week gold spot was down by $ 54.85 i.e. 3.62 percent at $ 1,459.05 an ounce. December gold futures also fell to $ 1,459.80 an ounce, a decrease of $ 51.60, or 3.41 percent. Gold remains under pressure from the expectation of reconciliation in the ongoing trade war between the US and China. Silverspot in the global market also fell by $ 1.30, or 7.20 percent, to $ 16.76 an ounce.

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In the previous week, the gold standard fell by Rs 700, or 1.75 percent, to Rs 39,270 per ten grams. With the same decrease in the prices of gold bitur at Rs 39,100 per ten grams on the last trading day. Sovereign also fell by Rs 100 to Rs 30,200 on weekends, down by 8 grams. At the same time, silver spot weakened by Rs 2,450, ie, 5.11 percent to Rs 45,450 per kg.

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