There has been a decline in the price of gold and today the gold rate has fallen by Rs 1650. In such a situation, the price of gold has now reached Rs 79,500 per 10 grams. Similarly, a decline is being seen in the price of silver also. Let us tell you that silver has become Rs 93,800 per kg. Let us tell you that today silver has fallen by Rs 2900.
Actually, the price of gold and silver is falling because the dollar has become stronger at this time due to which its demand has decreased. Gold and silver prices have fallen due to the weakening global market.
If you want to know about gold rate today, then read our today’s article completely from beginning to end. Today we will tell you what the price of gold has become today. We will also tell you the reasons behind this and what will happen next.
gold price today 2024
There has been a huge fall in gold and silver today. The price of gold has fallen more than that of silver. Let us tell you that gold has fallen by Rs 1650 and thus its price has become Rs 79500 per 10 grams. If we talk about silver, there has been a sharp decline in silver also.
The price of silver has fallen by Rs 2900, due to which the price of silver per kg has become Rs 93800. Some experts say that the biggest and main reason for the fall in gold and silver at this time is the strength of the US dollar.
Gold prices fell by Rs 1650
There was a big fall in the rate of gold in the bullion market in the country’s capital on Thursday. However, till Wednesday the rate of gold was Rs 81,150 per 10 grams. But on Thursday the price of gold reached Rs 79500.
In fact, the biggest reason for this is the weakening of the global market and decrease in demand from local jewelers. Many experts say that the US dollar is very strong at this time. Because of this, the possibility of interest rate cuts from the Federal Reserve and the US Central Bank has increased.
Apart from this, another reason for the fall in gold rates is that at present people’s interest in safe investment of gold has reduced in the market. At present there are more investors who want to take risk in the market.
Silver also fell by Rs 2900
Apart from gold, the price of silver has also declined. If we look at the price of silver on Wednesday, it was Rs 96700 per 1 kg. But now silver has fallen to Rs 93800.
If we look at why the price of silver has decreased, the main reason behind it is the decrease in industrial demand along with the weak global trend. Apart from this, due to the rise in the US dollar, the price of silver has also fallen.
Global market impact on gold and silver 2024
These days, the price of gold and silver is continuously decreasing in the global markets. Let us tell you that in all the Asian markets the gold rate has fallen by 1.90 per ounce. In this way the price of gold has become $2674.40.
Similarly, the price of silver has also decreased due to the influence of the global market. Here let us tell you that silver has decreased by 0.24 percent due to which its price has become Rs. 31.26 per ounce.
Here let us also inform that the gold rate has fallen due to the influence of Donald Trump and also due to increase in American bond returns. Now investors are more inclined towards Bitcoin and risky assets in the stock market. Due to this, the price of gold has been affected due to which its rate has now reduced.
What will happen next with the prices of gold and silver?
Looking at the falling prices of gold and silver at this time, it seems that it will not increase now. However, there is a possibility that if the US Federal Reserve meets in the coming days, then we will see fluctuations in the rates of gold and silver.
Let us tell you here that if there is no change in interest rates, it will definitely have an impact on the market. However, the way the prices of gold and silver are falling, investors are definitely worried. But in the coming time, we will see the impact of the new market trends on the price of gold and silver.
