Gold-Silver Price: If you are planning to buy gold on Holi, then this is a great opportunity for you. There has been a break in the rising prices of gold and silver on Monday. According to GoodReturns website, today there has been a fall of ten rupees in the price of 24 carat gold. After this, the price of ten grams of 24 carat gold has become Rs 66,810. At the same time, the price of ten grams of 22 carat gold became Rs 61,240. Today the price of ten grams of 24 carat gold in Mumbai is Rs 66,810, equal to Kolkata and Hyderabad. Whereas, the price of ten grams of 24 carat gold is Rs 66,960 in Delhi, Rs 66,810 in Bengaluru and Rs 67,460 in Chennai. Whereas, a fall of Rs 100 has been seen in the price of silver. After this, the price of one kilogram of silver has become Rs 77,400 in Delhi, Mumbai and Kolkata and Rs 80,400 in Chennai.
Gold rises in American market
In the US market today, the Federal Reserve will start cutting interest rates in June and a soft dollar has reduced the appeal of bullion. In such a situation, gold prices have increased again today. Spot gold was up 0.4 percent at $2,172.09 an ounce at 0350 GMT. US gold futures rose 0.6 percent to $ 2,173.40 an ounce. The dollar was down 0.1 percent against its rivals, making gold less expensive for holders of other currencies. Tim Waterer, chief market analyst at KCM Trade, said the environment still looks quite healthy for the precious metals markets. Spot silver rose 0.2 percent to $24.71 an ounce, platinum rose 1 percent to $902.60 and palladium rose 1.4 percent to $999.79.
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Gold also fell in futures trading
The market is closed today due to Holi holiday. However, amid weak spot demand on Friday, speculators reduced the size of their deals due to which the price of gold fell by Rs 292 to Rs 65,907 per 10 grams in futures trade on Friday. In the Multi Commodity Exchange, the price of the contract for supply in the month of April fell by Rs 292, or 0.43 percent, to Rs 65,907 per 10 grams. 9,723 lots were traded in this. Market analysts said gold futures prices fell due to weak global cues. Globally, gold fell 0.77 percent to $ 2,189.80 an ounce in New York.