Gold Price Today: Bullion prices fell on Wednesday following a record rally in the gold market on Tuesday. Gold and silver metals appeared in red marks on the exchange today. Even on the international market, gold fell below its record high of eight months. Investing sentiment is slightly upbeat on the prospects of easing Russia-Ukraine tensions. Due to tension, investors had increased the demand for gold, which led to gold reaching a record level of eight months on Tuesday. In the domestic market, gold was also down below Rs 50,000 on Wednesday.
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In the early hours of Wednesday, spot gold was around $ 1,850.91 an ounce on the international market. On the same day, the price of US Gold futures reached $1,852.40.
In the Indian market around 10:10 am on Wednesday, Gold Futures were trading at Rs 49,339 per 10 grams, a decline of Rs 46. The previous closing price was 49,385 and its average price was 49,350. At the same time, silver, which closed at Rs 62,989 per kg, was also down by Rs 19 marginally at Rs 62,970 per kg. Metal prices averaged Rs 62,957 on average.
At GoldPrice.org during this time period, gold was declining by 1.33%, and the metal traded at Rs 4,479 per gram. At the same time, silver dropped by 2.62% to Rs 56,426.35 per kg.
Gold price on the local market
On Tuesday, gold prices rose marginally by Rs 32 to Rs 49,619 per 10 grams at the Delhi bullion market due to a ‘correction’ of global prices and a correction of the rupee. The price of silver fell by Rs 440 to Rs 63,474 per kg. The spot price of 24-carat gold in Delhi increased by Rs 32, according to HDFC Securities Senior Analyst (Commodities) Tapan Patel. Gold’s gains here were limited by the fall in global gold prices.
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