Gold prices in the country’s capital Delhi saw a decline due to dollar dominance and low retail demand. On the other hand, silver prices remained unchanged for the second consecutive day. According to experts, the dollar index is continuously increasing. On the other hand, rising bond yields are putting a brake on gold and silver prices. Apart from this, there is an impact on gold and silver prices due to low retail demand in Delhi due to the parent party. Let us also tell you what the gold and silver prices have been in Delhi, the capital of the country…

Gold cheapened, silver stabilized again

Gold prices fell by Rs 200 to Rs 1,49,600 per 10 grams in the national capital on Tuesday. This is believed to be due to lower retail demand and the strength of the US dollar. On Monday, 99.9 per cent pure gold closed at Rs 1,49,800 per 10 grams. However, according to local traders, silver prices rose for the second day in a row to Rs. remained stable at 2.27 lakh. Saumil Gandhi, Senior Analyst, Commodities, HDFC Securities, said gold prices in the domestic market were marginally lower due to weak global market cues and subdued retail demand during the parent quarter. He said that during Pitru Paksha, people usually avoid buying auspicious things like gold, jewellery, property or other luxury items.

How are the foreign markets?

On the global market, gold was trading marginally higher at $4,149.44, while silver was steady at $61.01 an ounce. “Spot gold was trading higher at $4,151 an ounce on the back of softer US dollar and crude oil prices,” said Praveen Singh, head of commodities at Mir Asset Sherkhan. Singh said the shiny metal would continue to take cues from oil and the dollar. He said it is expected to stay low in the near term and reduce risk. Appetite remains good.