Gold prices declined again in Indian markets today.
On Thursday, 4 February 2021, the price of gold decreased by Rs 322 per 10 grams in Delhi Bullion Market. Whereas, the price of silver again fell by about Rs 1,000. Has been. During the last trading session, gold had closed at Rs 47,457 per 10 grams in Delhi Bullion Market. At the same time, silver had closed at Rs 68,142 per kg. Gold prices fell in international markets today, while silver remained flat.
New gold prices (Gold Price, 4 February 2021) – Gold prices fell by Rs 322 per 10 grams on Thursday in Delhi Bullion Market. In the capital Delhi (Delhi), the new price of gold of 99.9 grams purity has now been Rs 47,137 per 10 grams. Earlier in the trading session, gold had closed at Rs 47,457 per 10 grams. At the same time, the price of gold in the international market today fell to $ 1,825 an ounce.
New Silver Prices (Silver Price, 4 February 2021) – On Thursday, there was a good fall in silver prices in Delhi Bullion Market. Now its price has fallen by Rs 972 to Rs 67,170 per kg. In the international market today, the price of silver remained at $ 26.61 an ounce. If you understand in easy terms, the price of silver in the international market remains the same.
Why gold and silver declined – According to Tapan Patel, Senior Analyst (Commodities) of HDFC Securities (HDFC Securities), rupee has gained 6 paise against the dollar today. The rupee has reached the level of 72.90 today against the dollar. He said that in the international market, the prices of precious metals have come down in Indian markets due to the fall in gold prices and the strengthening of the rupee. At the same time, Finance Minister Nirmala Sitharaman has announced a reduction in custom duty on gold in Budget 2021. In such a situation, investors are profiting at a higher level of gold prices.
