Gold prices fell today as rupee’s rise came to a halt, silver also fell

Due to the rise in the rupee in the last two days, now there has been a fall in the bullion market on Wednesday. Today the rupee opened flat against the dollar and opened at Rs 74.20 per dollar. However, let us tell here that the rupee had closed with a jump of 3 per cent on Tuesday, despite this, gold closed with an increase in the local market. Now talking about this morning, there was a slowdown in the international spot price of gold and the yellow metal was trading below $ 1,800 an ounce.

After opening in the domestic market, gold of October contract on the Multi-Commodity Exchange declined by 0.51 per cent and the metal was trading at Rs 47,367 per 10 grams. At the same time, there was a fall of 0.64 percent in September silver and silver was at Rs 63,065 per kg.

If we look at GoldPrice.org, gold was falling 0.40 percent on MCX at 10.42 am Indian time in the international market and the metal was trading at the level of $ 1794.98 an ounce. At the same time, silver was also trading 0.52 percent lower at $ 23.71 an ounce.

There was a rise in gold and silver in the domestic market

Despite the improvement in the value of the rupee after the end of the day’s trading on Tuesday, gold rose by Rs 170 to Rs 46,544 per ten grams in the Delhi bullion market on Tuesday. Due to this, gold had closed at Rs 46,374 per ten grams in the previous trading session. Similarly, silver also rose by Rs 172 to close at Rs 61,584 per kg. Silver had closed at Rs 61,412 per kg in the previous trading session.

There was a fall in gold futures

On the Multi Commodity Exchange yesterday, gold for delivery in October fell by Rs 98, or 0.21 per cent, to Rs 47,486 per 10 grams. It had a business turnover of 11,947 lots.