Gold rate: Gold and silver shine also faded if stock market crash, know the latest price - Newztezz Online

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Wednesday, January 27, 2021

Gold rate: Gold and silver shine also faded if stock market crash, know the latest price


Gold and silver prices have also fallen in the commodity market today, amid a steep decline in the stock market before the budget. 
In the capital Delhi, the price of gold has fallen by Rs 231 and the price of silver by Rs 256. According to HDFC Securities, the price of gold in Delhi has come down to Rs 48652 per ten grams. Silver price fell to Rs 65870 per kg. Today the rupee gained against the dollar and it strengthened 8 paise to close at Rs 72.86.

Navneet Damani, Vice President - Commodity Research, Motilal Oswal Financial Services, said that there is no visible change in the price of gold at this time. In the international market, it remains at the level of $ 1850. In fact, an announcement will be made today on behalf of the US Federal Reserve for an important meeting that lasted for two days regarding the monetary policy. Apart from this, the eye of investors from all over the world who are on the new relief package announced by Biden is $ 1.9 trillion. Democrats say that if there is no support from Republicans regarding the Stimulus package, then we will proceed on this relief package without their support.

Gold delivery declines

Gold delivery is also seen today. Gold for February delivery was trading at Rs. 48725 per ten grams on MCX at 5.20 pm, falling by Rs. 418. Gold for April delivery fell by Rs 382 to trade at the level of Rs 48949. Gold for June delivery was trading down by Rs 17 to trade at the level of Rs 49201.

Silver delivery also falls

There is also a decline in silver delivery at this time. Silver for March delivery was trading at a level of Rs 65738 per kg, falling by Rs 797 at this time. Similarly, silver for May delivery was trading down by Rs 536 to Rs 66735 per kg.

Gold and silver price in international market

Gold and silver are also seen in the international market. According to information available on Investing.com's website, at 5.25 pm, the gold for February delivery was trading at $ 1838.20 per ounce with a drop of $ 12.70 (-0.69%). Similarly, silver for March delivery was trading at a level of $ 25.25 per ounce, with a decline of $ 0.28 (-1.11%) at this time. There are 28.34 grams in one ounce.

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