Gold Rate Today: Gold becomes cheaper in the bullion market, and silver becomes stronger

Gold Rate Today: Gold prices fell by Rs. 300 to Rs. 1,25,300 per 10 grams in the Delhi bullion market, while silver rose by Rs. 1,000 to Rs. 1,54,000 per kilogram. The decline in gold prices was due to the strengthening of the dollar and a decline in global investment demand. Experts say that limited expectations of interest rate cuts and the removal of tax incentives by China have impacted gold demand.

Gold Rate Today: Good news for gold buyers. Gold prices have become cheaper in the Delhi bullion market. According to information provided by the All India Delhi Sarafa Association, gold prices fell by Rs. 300 to Rs. 1,25,300 per 10 grams in the Delhi bullion market on Monday as investors' demand for safe investments declined amid the strengthening of the dollar and weakening global uncertainties.

Gold prices fall by Rs 300 in Delhi

According to the All India Delhi Sarafa Association, the price of 99.5% pure gold fell by Rs 300 to Rs 1,24,700 per 10 grams (including all taxes). It had closed at Rs 1,25,000 per 10 grams on Friday. Gold with 99.9% purity closed at Rs 1,25,600 per 10 grams on Friday.

Silver prices rise

Silver prices rose by Rs 1,000 to Rs 1,54,000 per kilogram (including all taxes) from Friday's closing price of Rs 1,53,000 per kilogram. The dollar index, which reflects the dollar's strength against a basket of six currencies, rose 0.09% to 99.89, putting pressure on bullion prices. In international markets, spot gold fell 0.14% to below $4,000 at $3,996.77 per ounce, while spot silver fell marginally to $48.64 per ounce.

What Market Analysts Say

Jigar Trivedi, Senior Research Analyst at Reliance Securities, said, "Gold prices fell below $4,000 per ounce on Monday, extending the previous session's decline. This was due to limited expectations of further interest rate cuts and reduced demand for safe-haven investments following the US-China trade deal." China has removed long-standing tax incentives on gold sales. This move could increase consumer prices and weaken demand in one of the world's largest bullion markets.

How will the market fare this week?

Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities, said, "Traders will now be watching this week's US macroeconomic data, including the ISM PMI and ADP private payrolls data." The release of these data will provide further indications about monetary policy.

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