New Delhi: Gold fell by Rs 100 to Rs 41,770 per 10 grams in the Delhi bullion market amid weakness in both precious metals abroad. Gold prices have broken after four days of steady rise. The brightness of silver has increased continuously for the fifth day. It has risen by Rs 60 to a peak of Rs 48,550 per kg since January 8. Silver prices have risen by Rs 1,350 in 5 days.

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According to information from London and New York, the gold spot fell by $ 2.20 to $ 1,578.60 an ounce. At the same time, February gold futures were also quoted at $ 1,578.90 an ounce with a price of $ 1.50. Market analysts have reported that the yellow metal has come under pressure due to the vigilance of investors before the meeting of the US Federal Reserve on policy rates.

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The two-day meeting of the Fed will end on January 29, after which a statement on monetary policy will be issued. Analysts say the rising price of the Novel Coronavirus is supporting gold prices. Silver spot in the international market has reached $ 18.02 an ounce with a weakness of $ 0.02.

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