Business / Lottery started for gold and silver buyers, there was a sharp drop in prices

Zoom News : Feb 03, 2023, 06:21 PM
Gold Price Today Delhi: There has been a sharp decline in the gold prices today. Along with this, the prices of silver (Silver Price Today) have fallen by more than Rs.2000. If you are also planning to buy gold or silver today, then this is good news for you. In the midst of continuous boom, today you have a chance to buy cheap gold. Today the price of gold has closed around Rs 58,000. HDFC Securities has given information about this.

gold and silver became cheaper

In the Delhi bullion market, gold prices slipped by Rs 681 and closed at Rs 57,929 per 10 grams. At the same time, in the last trading session, the price of gold had closed at Rs 58,610 per 10 grams. Apart from this, the price of silver also dropped by Rs 2,045 to close at Rs 70,335 per kg.

gold slips in international market

Gold and silver prices are also falling in the global market. In the foreign markets, the gold price declined to $ 1,913 an ounce, while silver was trading at $ 23.38 an ounce.

Know what is the opinion of the expert?

Saumil Gandhi, senior analyst at HDFC Securities, said gold prices had hit a nine-month high after Federal Reserve Chairman Jerome Powell's aggressive comments on interest rates. After this, due to profit-booking by investors, gold prices came down from their highest level in Comex and closed with a decline of 1.94 percent on Thursday.

Navneet Damani, Senior Vice President, Commodity Research Department, Motilal Oswal Financial Services, has said that today we can see more volatility in the market, as investors will focus on US non-farm employment, unemployment rate data.