Gold falls to Rs Rs amid strong dollar. Was reduced to Rs 1,250. 78,150 per 10 grams, silver also falls – ..

Gold Silver Price: The yellow metal lost its luster due to the strengthening of the dollar in global markets, leading to a sharp fall in gold prices for the second consecutive trading session on Tuesday with the price falling by Rs 100. Was reduced to Rs 1,250. Reached 78,150. According to All India Bullion Association, the precious metal of 99.9 per cent purity was sold at Rs. Was reduced by Rs 1,000. 79,400 per 10 grams.

The price of gold of 99.5 percent purity is also Rs 100. Was reduced to Rs 1,250. 77,750 per 10 grams, which was Rs 77,750 on Monday. It had closed at Rs 79,000 per 10 grams. On Tuesday silver also cost Rs. Was reduced to Rs 1,100. 90,600 per kg. Silver in the last trading session was Rs. Was reduced to Rs 1,600. 91,700 per kg.

Analysts said US President-elect Donald Trump’s threat to impose additional tariffs on imports from China, Mexico and Canada attracted investors to the US currency, while the eased geopolitical situation in the Middle East led investors to look to the US as a safe haven. Attracted towards currency. The allure of gold fell. However, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery were priced at Rs. 175 or 0.23 per cent to Rs. ₹75,486 per 10 grams. On Monday it closed at Rs 75,311 per 10 grams.

What did experts say on gold prices?
A research analyst at Commodity & Currency said gold prices on MCX are trading between Rs 74,850-75,500 due to easing tensions in the Middle East. Bullion is expected to remain volatile as market participants assess global developments.

Meanwhile, the silver contract for December delivery was trading at Rs. 698 or 0.8 per cent to Rs. 88,397 per kg, which was earlier globally Rs. Comex gold futures rose $13.40 an ounce, or 0.51 percent, to $2,656 an ounce, after closing at 87,699.

The greenback fell $100.80, or 3.71 percent, to $2,615.10 an ounce after President-elect Trump said Monday he would impose an additional 10 percent tariff on all imports from Mexico and Canada and a 25 percent tariff.

In the Asian market, silver also increased by 0.94 percent to reach $ 30.95 an ounce. According to Commodity and Currency Research, traders are keeping an eye on the details of the Federal Reserve’s November meeting, with revised US GDP estimates and core personal consumption expenditure (PCE) price index data expected to provide information on the US central bank’s policy stance. Is.