New Delhi: Gold fell by Rs 187 to Rs 39,053 per ten grams in the Delhi Bullion Market on Monday amid falling rupee exchange rate and strengthening in the international bullion market. On Saturday, gold had closed at Rs 38,866 per 10 grams. HDFC Securities Senior Analyst (Commodities) Tapan Patel has said that 24-carat gold price rose by Rs 187 in Delhi bullion market amid the mixed effects of the rise in the international market and the rupee exchange rate falling against the dollar.
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The rupee was weakening 5 paise against the US dollar in day trading, which had an impact on the prices of gold and silver. Silver also gained Rs 495 to Rs 46,499 per kg. Silver had closed at Rs 46,004 per kg on the previous trading day. In the global market, gold was trading strongly at $ 1,484 an ounce and silver was trading at $ 17.36 an ounce.
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The ongoing increase in gold prices in the new year i.e. 2020 can now stop. It has also been seen since the beginning of December. Gold has fallen 6% from the upper level. Experts said that due to the strengthening of the rupee and the trade agreement between the US and China, gold may become even cheaper.
