Gold becomes cheaper, the price of yellow metal has decreased today, know the latest price

Gold Rate Today: Gold prices declined on Thursday, which was seen in both domestic and global markets. This decline is mainly due to investor caution and volatile market trends.

Gold performance in futures market

Gold prices are trading lower on the Multi-Commodity Exchange (MCX) in India.

5 February 2025 delivery:

Gold prices fell by 0.31% (Rs 236) to Rs 76,280 per 10 grams.

5 December 2024 delivery:

It is trading lower by 0.37% (Rs 280) to Rs 75,480 per 10 grams.

This decline indicates a change in investor sentiment and weakness in international markets.

Gold prices in the global market

Gold prices also declined in the international market.

On Comex:

Gold prices fell 0.41% ($11) to trade at $2,653.80 per ounce.

Gold Spot:

Fell 0.23% ($6.05) to $2,629.97 per ounce.

This decline is a result of the strength of the dollar and focus shifting towards other investment options.

Domestic spot market situation

On Wednesday, spot gold prices improved after two days of decline.

Gold of 99.9% purity:

Rises by Rs 650 to Rs 78,800 per 10 grams.

Gold of 99.5% purity:

Closed at Rs 78,700 per 10 grams, up by Rs 950.

In the previous two trading sessions, gold prices had fallen by up to Rs 2,250.

Reasons for price fluctuations

According to experts, the rise in gold prices on Wednesday was due to the following reasons:

Geopolitical tensions:

Increasing instability in West Asia attracted investors to gold.

Increase in domestic demand:

Strong demand from industrial use and jewelry market supported the prices.

Weakening of dollar:

Gold prices had seen stability due to the weakening of the dollar.

The main reason for the decline on Thursday is global economic instability and caution on the part of investors.

Further prospects

In the long term: Geopolitical situation, policies of central banks, and dollar position can affect gold prices.

In the domestic market: Prices may see a correction in the coming weeks due to wedding and festive demand.

Conclusion

The volatility in gold prices is a sign of both concern and opportunity for investors. This decline in futures and spot markets may be temporary, as geopolitical and seasonal demands may balance it. Investors should be cautious and focus on long-term trends.