Gold rates today: Gold becomes cheaper to buy on Holi, silver falls big. Gold price today on Holi, the price of gold and silver is low
Gold prices fell by Rs 615 to Rs 55,095 per 10 grams. In the previous trading session, gold closed at Rs 55,710 per 10 grams.
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Amid fall in precious metal prices in the global market, gold fell by Rs 615 to Rs 55,095 per 10 grams on Wednesday. HDFC Securities reported this. In the previous trading session, gold closed at Rs 55,710 per 10 grams. Also, silver prices also fell by Rs 2,285 to close at Rs 62,025 per kg.
HDFC Securities senior analyst Soumil Gandhi said the spot price of gold traded at Rs 55,095 per 10 grams in the Delhi market, down by Rs 615. At the same time, gold fell to $1,814 per ounce in the international market. While silver prices fell to $20.05 per ounce.
Prices in futures trading
Gold prices fell by Rs 74 to Rs 54,948 per 10 grams in futures trade on Wednesday. On the Multi Commodity Exchange, contracts for delivery in April were trading down by Rs 74, or 0.13 percent, at Rs 54,948 per 10 grams. This accounts for a business turnover of 9,873 lots.
We tell you that the Fed’s policy rate will be released in about two weeks. Even before then, indications of how much the Fed will raise policy rates will begin to emerge. Trusting the experts is sure to increase, but confusion reigns over how much. Many say it will increase by 0.50 percent while some say it will increase by 0.25 percent.
At the same time, the government is selling cheap gold from March 6 to March 10 under gold bonds. RBI has pegged the EMI for the Sovereign Gold Bond Scheme 2022-23 at Rs 5,611 per gram. In such a situation, if someone buys ten grams of gold, he will have to pay Rs 56,110. This is Rs 500 less than the market price. For this, you can also apply online and make payment through online. You will also get a discount of Rs 50 per gram on it. The RBI said the issue price of gold bonds for such investors will be Rs 5,561 per gram of gold.
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