Huge fall in gold prices on Good Friday, know the latest price of 24 carat gold from Delhi to Mumbai: – ..

New Delhi: On the occasion of Good Friday, big news is coming for investors and buyers from the Indian bullion market. A significant fall in gold and silver prices has been recorded in major cities of the country amid global geopolitical tensions and strengthening of the dollar. On the morning of April 3, the price of 24 carat gold fell in the national capital Delhi. Rs 1,49,110 per 10 grams But it has arrived.

Slump in bullion market: prices fell in one day

A sharp improvement has been seen in the prices of gold in the last 24 hours. Gold price in Delhi market a day ago Rs 3,500 (2.26%) There was a big fall of Rs, after which the prices fell below Rs 1,51,500. There is a lot of movement in the international market too, where spot gold is currently $4,591.52 per ounce But is doing business.

Trump’s warning and crude oil game

Market experts believe that the reason behind this volatility in prices is the recent statement of US President Donald Trump. Trump has warned that a strong military attack can be launched on Iran in the next two-three weeks. After this news:

Crude Oil There has been a sudden jump in the prices.

us dollar It has strengthened by 0.5% and reached the level of 99-100.

The strength of the dollar has increased the pressure on precious metals (gold and silver) in foreign trade, due to which domestic prices are falling.

Today’s gold rate in major cities (24 carat and 22 carat)

Slight differences in prices are seen in different states of the country due to taxes and local charges. Here is the rate list of major cities:

The shine of silver also faded

Along with gold, there has also been a sharp decline in the prices of silver. The price of silver fell on the morning of 3 April Rs 2,49,900 per kg But it has arrived. It is noteworthy that a day ago, silver had become cheaper by Rs 9,000 (3.66%) in Delhi. silver in international market $69.57 per ounce But it is. Let us remind you that in January this year, silver 4 lakhs. It had crossed the historical level of Rs. 10,000, compared to which it is now becoming much cheaper.

Hormuz Strait crisis and market fears

The increasing conflict between Israel, America and Iran has created fear in the minds of investors. The world’s most important sea routes strait of hormuz The possibility of disruption in the supply of oil and gas has increased. Experts say that until a diplomatic solution is found to this crisis in the Middle East, similar fluctuations will continue in the commodity market.