Gold prices fall sharply for the second consecutive day, check today's latest prices

Gold Price Today: There has been a huge decline in the price of gold for the second consecutive day. On Tuesday, the price of 99.9 percent pure gold in the bullion market of the capital Delhi fell by Rs 1250. This decline was seen due to the strengthening of the dollar in the global market and the fading of the shine of the bullion market. Now the price of pure gold in Delhi has come down to Rs 78,150 per 10 grams.

The price of 99.5 percent pure gold also decreased

The decline in the gold market was not limited to pure gold only. The price of 99.5 percent pure gold also fell by Rs 1250 today. With this it came down to Rs 77,750 per 10 grams. On Monday also, a decline of Rs 1000 was recorded in this category, due to which the price reached Rs 79,000.

Gold became cheaper by Rs 2,250 in two days

In the last two days, the price of gold has decreased by a total of Rs 2,250. On Monday, the price of 99.9 percent pure gold fell by Rs 1000, taking the price to Rs 79,400 per 10 grams.

Reasons behind the decline

According to experts, the main reason for this decline is the strengthening of the US dollar. Investors are turning to the US currency after the newly elected US President Donald Trump threatened to impose higher tariffs on imports from China, Mexico, and Canada. This situation has weakened the safe investment appeal of gold.

Apart from this, the softening of geopolitical tensions in West Asia has also put pressure on gold prices. However, at the global level, Comex gold futures rose by $ 13.40 an ounce to $ 2,656 an ounce.

What should investors do?

This period of decline in gold prices can be a matter of concern for investors. However, experts advise that those who are long-term investors can take advantage of this opportunity and invest in gold. Along with this, it is also important to keep an eye on the market trends, as factors such as the dollar and geopolitical tensions can affect prices in the future.

In this period of decline, the interest of customers in the bullion market may increase, who are considering it the right time to buy gold. However, it is important to be cautious until the prices stabilize.