New Delhi: So there has been a decline in the price of silver and today. In the domestic bullion market, gold and silver precious metals declined on the first trading day of the week on Monday. According to HDFC Securities, gold prices have fallen by Rs 104 in Delhi on Monday. With this decline, the price of gold has come down to Rs 48703 per 10 grams. According to HDFC Securities, the fall in gold prices globally has led to a fall in prices in the domestic market.
It is noteworthy that in the last session, gold had closed at Rs 48,807 per 10 grams. Along with gold, the spot price of silver also declined on Monday. Silver has recorded a steep fall of Rs 736. The price of silver has been reduced to Rs 62,621 per kg. It is noteworthy that silver had closed at Rs 63,357 per kg in the previous session.
The economy is also showing signs of improvement from vaccine expectations. Because of this, positive trends are showing in the worldwide markets. The trend of investors once again seems to be increasing in equity, while the movement of gold has reversed. Investors are turning away from gold, due to this, the price of gold is seeing a big decline and gold is constantly getting cheaper.