Gold Silver Price Today Delhi: A sharp decline was recorded in the prices of gold and silver in the bullion market of the national capital Delhi. Silver fell by ₹13,000 and gold by ₹3,400. This decline was due to profit booking by investors at higher levels. However, after the initial decline in the global market, there was a recovery. Experts believe that weak US employment data supported the prices, but geopolitical expectations limited the rise. This could be a good opportunity for buying.
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Gold Silver Price Delhi: If you are thinking of buying jewellery, then the bullion market has given you a big opportunity. A sharp fall was recorded in the prices of both gold and silver in the bullion market of the national capital New Delhi.
According to the All India Sarafa Association, silver fell by Rs 13000 (silver price crash) i.e. about 4.85% to Rs 2,55,000 per kilogram (silver price today Delhi). A day before it had closed at Rs 2,68,000 (silver rate today Delhi). That is, for the second consecutive day, profit booking by investors pushed the prices down.
Gold was not far behind. Gold of 99.9% purity fell by ₹3,400 to ₹1,57,200 (gold price today Delhi) per 10 grams, compared to the previous close of ₹1,60,600 (gold rate today Delhi). Bullion traders said profit-booking at higher levels led to this decline in the domestic market.
How was the global market?
Interestingly, the picture in the global market was slightly different. After a decline early in the day, international prices showed a sharp recovery. Spot silver initially fell nearly 10% to $64.08 per ounce, but later jumped 4.26% to reach $74 per ounce.
Gold followed a similar trend. Spot gold initially fell to $4,654.86 per ounce, but later recovered and reached $4,887.30 per ounce, a gain of 2.23%.
Why is the decline occurring? Experts explain
Praveen Singh, head of commodities at Mirae Asset Sharekhan, said that weak US employment data supported gold and silver, but expectations of potential progress in US-Iran talks limited the upside. This means that the domestic market is down, but global markets are recovering, signaling to investors that it’s important to keep an eye on the future trend.
