Gold-Silver Price / Gold has become cheaper, the price has gone down by this much, know how silver has fared

Gold-Silver Price: A big drop was recorded in the price of gold on Thursday, causing a stir in the bullion markets. The price of gold in the national capital fell by Rs 1,150 to Rs 88,200 per 10 grams. According to the All India Sarafa Association, gold of 99.5 percent purity also fell by Rs 1,150 to Rs 87,800 per 10 grams. Earlier its price was Rs 88,950 per 10 grams.

Silver price also fell

According to a PTI report, the price of silver also fell by Rs 1,000 to Rs 98,500 per kg. In the previous session, the price was Rs 99,500 per kg. Bullion markets remained closed on Wednesday on the occasion of Mahashivratri, after which a big drop in prices was seen as soon as the market opened on Thursday.

MCX and foreign market situation

The price of gold contract for April delivery on the Multi Commodity Exchange (MCX) fell by Rs 554 to Rs 85,320 per 10 grams. Gold prices also declined in global markets. Gold futures for April delivery on Comex fell by $ 23.10 an ounce or 0.79 percent to $ 2,907.50 an ounce.

Spot gold also slipped below the $ 2,900 level to $ 2,892.95 an ounce. Silver futures also fell 0.34 percent to $ 32.47 an ounce in Asian markets.

Experts' opinion

According to Jatin Trivedi, Vice President and Research Analyst (Commodity and Currency), LKP Securities, gold prices have weakened due to increased selling in MCX. He believes that if the price of gold crosses the level of Rs 84,800, it may see further decline.

Chintan Mehta, Chief Executive Officer of Abans Holdings, said that the dollar has strengthened due to growing concerns about tariffs, which has led to a decline in gold prices. However, the demand for safe investments still remains. He said that former US President Donald Trump had recently announced a 25 percent tariff on goods imported from the European Union, which has increased uncertainty in the market.

Market uncertainty continues

Analysts believe that this fall in gold prices may be temporary, as investors are waiting for key data related to the US economy. According to Saumil Gandhi, Senior Analyst at HDFC Securities, investors are keeping an eye on unemployment claims, durable goods orders and preliminary Q4 GDP data. Also, speeches by some members of the US Federal Reserve can also affect the bullion market.

What should investors do?

Despite the current fall in gold prices, many investors are considering it a buying opportunity. Experts suggest that those who are planning long-term investment can take advantage of this fall. However, it is important to be cautious in view of the uncertainty in the market.

In the coming days, gold prices may see further changes depending on the strength of the US dollar and global economic indicators. Investors are advised to remain cautious and keep an eye on market trends.