The price of gold has fallen by Rs 615 to Rs 55,095 per 10 grams. In the previous trading session, gold had closed at Rs 55,710 per 10 grams.
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Amid fall in the prices of precious metals in the global markets, gold prices on Wednesday declined by Rs 615 to Rs 55,095 per 10 grams in the bullion market of the national capital Delhi. HDFC Securities gave this information. In the previous trading session, gold had closed at Rs 55,710 per 10 grams. Apart from this, the price of silver also declined by Rs 2,285 to close at Rs 62,025 per kg.
HDFC Securities Senior Analyst Saumil Gandhi said that the spot price of gold in the Delhi market was trading at Rs 55,095 per 10 grams, down by Rs 615. At the same time, in the international market, gold has declined to $ 1,814 per ounce. Whereas, the price of silver has declined to $ 20.05 per ounce.
Prices in futures trade
Gold prices fell by Rs 74 to Rs 54,948 per 10 grams in futures trade on Wednesday. On the Multi Commodity Exchange, the contracts for delivery in April were trading lower by Rs 74, or 0.13 per cent, at Rs 54,948 per 10 grams. This is for a business turnover of 9,873 lots.
Let us tell you that after about two weeks the Fed’s policy rates will be revealed. Even before that, indications will start coming as to how much the Fed will increase the policy rate. If the experts are to be believed then the increase is certain, but there is a state of confusion in how much. Many people say that there will be an increase of 0.50 percent while some say that there will be an increase of 0.25 percent.
At the same time, the government is selling cheap gold from March 6 to March 10 under Gold Bond. RBI has fixed the price for the EMI of Sovereign Gold Bond Scheme 2022-23 at Rs 5,611 per gram. In such a situation, if someone buys ten grams of gold, then he will have to pay Rs 56,110. This is Rs 500 cheaper than the market price. For this, you can also apply online and make the payment through online medium. You will also get a discount of Rs 50 per gram on this. RBI said that the issue price of gold bonds for such investors will be Rs 5,561 per gram of gold.