Due to the declining trend in the international markets, the price of gold has been recorded in the Indian market today for the second consecutive day i.e. on 12 May 2021. At the same time, silver price today also fell sharply by Rs 717. During the last trading session, gold had closed at Rs 47,303 per 10 grams in Delhi Bullion Market. At the same time, silver had closed at Rs 71,524 per kg. In the international market also, today the decline in the spot price of gold was recorded, while the price of silver did not change significantly.
New Gold Prices (Gold Price, 12 May 2021) –
On Wednesday, the price of gold in Delhi Sarafa market was decreased by Rs 229 per 10 grams. In the capital Delhi (Delhi), the new price of gold of 99.9 grams purity has now come down to Rs 47,074 per 10 grams. Earlier in the trading session, gold had closed at Rs 47,303 per 10 grams. In such a situation, gold is still lower by Rs 9,126 from its highest level of Rs 56,200 per 10 grams. If you want to invest in gold, you still have a chance to earn strong profits by the end of the year 2021. At the same time, the spot price of gold fell to $ 1,832 an ounce in the international market today.
New Silver Prices (Silver Price, 12 May 2021) –
Silver prices also saw a sharp decline today. On Wednesday, silver prices fell by Rs 717 to close at Rs 70,807 per kg in Delhi Sarafa Bazar. Earlier in the trading session, silver had closed at Rs 71,524 per kg. There was no significant change in the price of silver in the international market today and it reached $ 27.38 an ounce.
Why Gold is coming down –
Tapan Patel, Senior Analyst (Commodities), HDFC Securities, said that gold prices have fallen due to the strengthening of the dollar against other currencies and the recovery in the US bond yields again. At the same time, Navneet Damania, VP Commodities of Motilal Oswal Financial Services (MOFS), said that gold prices have improved from a three-week high. On the Commodity Exchange of New York, a decrease in the spot price of gold was recorded today. Its impact was seen on the Indian bullion market and the prices of gold decreased here too.