Gold Rate: If you want to gift gold-silver jewelery or gold to someone on New Year or want to buy it for your sister-daughter’s wedding, then you have a better chance at this time. The reason for this is that the gold price has fallen in the bullion market of Delhi. However, the price of silver has increased. All India Bullion Association (AIBA) has informed that the gold rate in Delhi’s bullion market fell by Rs 100 to Rs 78,600 per 10 grams. This rate is for Tuesday 24th December 2024.
Gold price decreased by Rs 100, silver increased by Rs 500
AIBA has informed that the bullion market was closed on Wednesday 25 December 2024 on the occasion of Christmas. However, silver rose by Rs 500 to Rs 90,500 per kg. On Monday, silver closed at Rs 90,000 per kg. In the bullion market, the rate of gold with 99.5% purity decreased by Rs 100 to Rs 78,200 per 10 grams. Globally, Comex gold future trade remained stable at $ 2,628.30 an ounce.
Gold remains under pressure in foreign market
Pranav Mer, Vice President, EBG Commodity and Currency Research, JM Financial Services Limited, said, “Gold prices remained stable due to less trade due to holidays and after last week’s fall, its prices were seen strengthening. However, due to the strengthening of the dollar in the foreign market, there remained pressure on gold prices.
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Fall in silver future rate
According to Saumil Gandhi, Senior Commodity Expert at HDFC Securities, the trade size this week was very low before the Christmas holidays. He said that the improvement in the US dollar after the fall of December 20 is an unfavorable situation for precious metals. However, in the foreign market, the future rate of Comex silver fell by 0.13% to $ 30.15 an ounce.
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Disclaimer: Prabhat Khabar does not give any advice for any buying or selling related to the stock market. We publish market related analyzes quoting market experts and broking companies. But take market related decisions only after consulting certified experts.
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