By Admin 
Gold-Silver Price: If you are planning to buy gold, then there is big news for you. The price of gold has been recorded across the country. The price of gold in the country’s capital Delhi has come down by Rs 400 to Rs 91,250 per 10 grams. On Thursday, gold with 99.9 percent purity closed at Rs 91,650 per 10 grams.
Why suddenly gold became cheap?
The price of gold with 99.5 percent purity fell by Rs 400 to Rs 90,800 per 10 grams. It was closed at Rs 91,200 per 10 grams during the previous business trading session. According to the All India Bullion Association, the price of gold has decreased due to profits and dull trend in global markets.
Let us know that the prices of gold in India depend on its prices in international markets. In such a situation, the fluctuations in gold prices in international markets have an impact here. The reason behind this is that gold production in India is in limited quantity and hence India is at number one in the world in terms of importing gold.
Silver price also decreased
According to the ET report, Senior analyst of Commodities of HDFC Securities, Soumil Gandhi said, “Gold prices have declined due to the profits of traders and the rise in US dollars.”
The price of gold has declined somewhat between the US central bank Federal Reserve president Jerome Powell’s slow growth rate and comments on inflation in the US. With the fall in the price of gold for the second consecutive day, silver prices have also come down by Rs 1.02 lakh per kg to Rs 1,00,300 per kg on Thursday.
Meanwhile, the price of gold for April delivery on the Multi Commodity Exchange has come down by Rs 493 to Rs 88,213 per 10 grams. Similarly, silver futures have also fallen by Rs 1,228 or 1.24 percent to Rs 98,164 per kg.
What is the connection of dollar and gold?
Gold business is in US dollars. That is, when a country buys gold from another country, then payment is made in dollars. Now when the dollar is stronger than the currency of other countries, countries have to pay a higher price to buy gold. Now it is obvious that when buying gold is expensive, it will be bought less. Due to this, the demand for gold decreases and its price decreases.
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