Gold Silver Price: Gold and silver prices have fallen, now only this price of 10 grams is left.

Gold Silver Price: There is a continuous decline in the prices of gold and silver. Due to fall in prices, it has become a golden opportunity to buy it. On Monday, the price of 24 carat gold fell by Rs 1,150 to Rs 78,350 per 10 grams in the country’s capital Delhi. This decline was recorded in the price of gold of 99.9 percent purity. Whereas, earlier on Friday, the price of gold was Rs 79,500 per 10 grams. At the same time, the price of silver also fell by Rs 300 and it has now become Rs 92,500 per kg.

Due to fall in gold and silver prices

According to PTI report, experts believe that the main reason for fluctuations in gold prices is the increasing political tension in the Middle East and global economic conditions. Saumil Gandhi, senior analyst at HDFC Securities, says that due to the conflict between Israel and Gulf countries and uncertainties in the American economy, the demand for gold is also being affected at the international level.

Another reason for the fall in gold prices is the strength of the dollar in the global markets and possible changes in interest rates. According to the report of the World Gold Council (WGC), a decline in gold prices may be seen by 2025.

Movement intensifies in futures market

Movement continues in the gold and silver futures market. On Monday, the gold contract for February delivery on MCX was trading at Rs 77,279 per 10 grams, up by Rs 143. During the day, gold touched a low of Rs 76,904 and a high of Rs 77,295. At the same time, the March delivery contract of silver rose by Rs 319 and reached Rs 91,320 per kg.

What is the condition of the international market?

Movements in the prices of gold and silver were also seen in the international markets. Comex gold futures rose $2.70, or 0.10 percent, at $2,678.50 an ounce. At the same time, in the Asian trading session, the price of silver was recorded at $ 31.11 per ounce.

future forecast

The World Gold Council believes that the prices of gold and silver may stabilize in 2025. However, the demand for gold is likely to increase due to trade war and uncertainties about economic growth in the second term of US President Donald Trump.

What suggestions for investors

Experts say that the current fall in gold and silver prices can be an opportunity for long term investors. However, before making any investment, the market situation and expert opinion must be taken.

Also read: Gold Rate Today: India imports maximum gold from here, the name of this country was once linked with black money.