over youath Whatage hot market I returned a great speed. The reason for this was a ceasefire between India and Pakistan. Another reason was to solve the trade war between the US and China. On the basis of both these reports, the Sensex rose by about 3000 points. On the one hand, while the market returned a great rise in the market, on the other hand the price of gold was recorded today. Let us tell you that today the price of gold fell by Rs 3400 per 10 grams to Rs 96,550.
According to the All India Bullion Association, gold with 99.5 percent purity fell by Rs 3,400 to Rs 96,100 per 10 grams on Monday. This is the biggest decline in 10 months since the fall of gold prices on 23 July 2024 by Rs 3,350. On Saturday, gold with 99.9 and 99.5 percent purity closed at Rs 99,950 and Rs 99,500 per 10 grams.
Silver also became cheap
Silver prices fell by Rs 99,900 per kg to Rs 200 to Rs 99,700 per kg. Vice President Commodities of Mehta Equality Limited, Rahul Kalantar, said that there has been a huge decline in gold prices amid signs of progress in trade talks between the US and China and some relief in geopolitical tension including India-Pakistan. “
Therefore, the decrease in the price of gold
According to the Vice President Research Analyst of LKP Securities- Commodity and Currence, Jatin Trivedi, a possible ceasefire signs between Russia and Ukraine have reduced geopolitical tension due to the signs of a possible ceasefire and agreed on ceasefire between India and Pakistan. Trivedi said that these developments led to heavy profits in gold, which had earlier climbed due to global uncertainty. The strong boom in the stock markets also affected the appeal of gold as a safe investment. Silver contracts for July delivery on MCX fell by Rs 2,295 or 2. 37 percent to Rs 94,434 per kg. Gold spots in global markets fell more than 3,218. Called at $ 70 an ounce. Silver spot in international markets fell to $ 19 percent to 32. $ 33 an ounce.
