Gold and silver rate today, sona kya rate Aaj | Gold Price Today silver rate on 17 June 2021, aaj sona chandi kis bhav hai, gold and silver become cheaper, know the latest price
Gold and silver prices fall (Photo – istock)
- There was a change in the prices of gold and silver again.
- The futures prices of both also declined.
- The price of gold also declined in the international market.
Gold/Silver Rate Today 17 June 2021 : Gold and silver prices fell again. In the Delhi bullion market, gold fell by Rs 861 to Rs 46,863 per 10 grams on Thursday. It had closed at Rs 47,724 on the previous trading day. At the same time, the price of silver also declined by Rs 1709 to Rs 68,798 per kg. In the previous session, silver was at Rs 70,507 per kg. The futures prices of both have also declined. In the international market, gold was trading lower at USD 1,810 an ounce while silver remained unchanged at USD 26.89 an ounce.
fall in gold futures prices
Gold prices on Thursday fell by Rs 1,005 to Rs 47,501 per 10 grams in the local futures market as speculators reduced their positions amid weak demand. On the Multi Commodity Exchange, gold for delivery in August fell by Rs 1,005, or 2.07%, to Rs 47,501 per 10 grams. It had a turnover of 10,746 lots. Market experts said offloading of positions by traders mainly led to the fall in gold futures prices. Internationally, gold fell by 2.82% to $1,809 an ounce in New York.
Silver futures fall
Silver prices on Thursday fell by Rs 1,717 to Rs 69,751 per kg in futures trade as participants reduced their positions on weak spot demand. At the Multi Commodity Exchange, silver futures for delivery in July fell by Rs 1,717, or 2.4%, to Rs 69,751 per kg. The futures contact was traded for 11,322 lots. Internationally, silver fell by 3.23% to USD 26.92 an ounce in New York.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said after last night’s sell-off following the US Federal Reserve’s remarks, gold prices were under pressure. The US dollar strengthened against major currencies on the back of the stance adopted by the Federal Reserve, leading to increased selling in gold. He said that due to the strengthening of the dollar, there will be pressure on gold prices for a short time, which may affect the demand for gold as a safe investment option.
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