Gold / Silver Price: On Friday, the price of 10 grams of gold fell by Rs 388 in the Delhi bullion market. At the same time, a big drop of Rs 920 was recorded in the price of silver.
Gold and silver prices fell for the third consecutive day in the Indian market on Friday due to sluggish global cues. On Friday, the price of 10 grams of gold fell by Rs 388 in the Delhi bullion market. At the same time, a big drop of Rs 920 was recorded in the price of silver. HDFC Securities says that the rise in US dollar and bond yields put pressure on gold.
New Price of Gold (Gold Price on 4 June 2021): In the Delhi bullion market, the price of gold fell by Rs 48,305 to Rs 47,917 per 10 grams. During this the price fell by Rs 388. In the last trading session, gold had closed at Rs 48,305 per 10 grams.
Gold Price in Delhi today
Gold price in India today [today]
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Indian Major Cities Gold Rates Today
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Gold price in India chart
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New Silver Price (Silver Price on 4 June 2021): At the same time, there was a big fall in silver prices. The price of one kilogram of silver slipped by Rs 920 to Rs 69,369 in the Delhi bullion market. On Thursday, silver closed at Rs 70,289 per kg.
Gold and silver prices remained flat in the international market. Gold was trading at $ 1870 an ounce and silver at $ 27.35 an ounce.
Why is there a fall in gold?
Navneet Damani, vice-president (commodities research), Motilal Oswal Financial Services, said gold prices fell to near two-week lows after positive US economic data boosted dollar and bond yields.
Safer options are available like Sovereign Gold Bonds (SGBs) and Gold ETFs (Exchange Traded Funds) launched by the government. If you want to be free from the worry of theft, purity and secure storage, then you should avoid buying physical gold. To invest in gold in gold, the government continues to issue such options to the people from time to time.
