New Delhi: After five consecutive days of strengthening in gold and silver prices, today i.e. on Tuesday, February 25, there is a huge decline. According to the Indian Bullion and Jewelers Association website (ibjarates.com), 10 grams of gold opened at Rs 42576, down by 1014 rupees in the bullion market on Tuesday. On Monday, it had closed at Rs 43590 per 10 grams.
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Notable is that bullion is gold and silver, which is officially considered to be at least 99.5 percent pure and is in the form of ingots or bars. On Tuesday, the gold standard in the bullion market fell by Rs 845 to Rs 43,795 per 10 grams. On Monday, it had risen by Rs 620 to a record level of Rs 44,640 per 10 grams. Sona Bitur also sold at Rs 43,625 per 10 grams with the same weakness.
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Silver spot stood at Rs 49,350 per kg with a weakening of Rs 800. Let us tell you that precious metals like gold and silver are traded only through the bullion market. Gold is purchased in two ways. The general public purchases gold from the bullion market. At the same time, business people buy gold through the futures market.
