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Gold Rate Today: Book jewelery before ‘Dhanteras’, today gold prices have come down

Highlights of Gold Rate Today
  • With the fall, gold prices fell to Rs 50,833 per 10 grams.
  • Silver also declined by Rs 594 to Rs 56,255 per kg.
  • Gold was down at $ 1,655.75 an ounce in the international market.

Gold Rate Today: The most auspicious occasion to buy gold i.e. the festival of Dhanteras is about to come. Meanwhile, good news has come for the women who are fond of jewelry today, on Monday 17 October. Today the price of gold has registered a fall. Apart from this, the price of silver have also made the customers happy, there has been a big fall in the price.

According to the information received from the bullion market in Delhi, gold fell by Rs 40 amid the fall in the prices of the precious metal in the foreign market. With this fall, gold prices fell to Rs 50,833 per 10 grams. On the other hand, the yellow metal had reached Rs 50,873 per 10 grams in the previous trade on Friday. On the other hand, silver also declined by Rs 594 to Rs 56,255 per kg from Rs 56,849 per kg.

Know what the experts say

Dilip Parmar, the Research Analyst, HDFC Securities, said, “Gold prices have declined nearly 20 percent in March this year. Spot Comex gold was last trading at $1,655.75 an ounce.” In the international market, gold was trading lower at USD 1,655.75 an ounce while silver was at USD 18.55 an ounce.

How was the market yesterday?

Gold prices on Saturday saw a rise of Rs 270 in the Indian market amid firming prices of precious metals in global markets. Gold was trading at Rs 50,400 per 10 grams. At the same time, gold became cheaper by Rs 600 for the last time in the session before that. There was no change in the price of silver yesterday.

India’s gold reserves also fell drastically

The country’s foreign exchange reserves fell by $ 8.134 billion to $ 537.518 billion for the week ended September 23, as the country’s foreign exchange reserves continued to decline. Foreign exchange reserves had declined by over $5.2 billion to $545.54 billion in the previous week.

read- Prices of gold and silver in India see drop: Check latest rates

The central bank said that during the week under review, FCAs declined by $7.688 billion to $477.212 billion. In dollar terms, FCAs include the effect of appreciation or depreciation in non-US currencies such as the euro, pound and yen held in foreign exchange reserves. According to the data, the value of gold reserves has come down by $ 300 million to $ 37.886 billion.

 

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