Gold Price Today: There was a big drop in the prices of gold and silver in the bullion market of the national capital on Tuesday. This drop has come due to weak demand and negative signals from the global markets. The prices of both the metals have been continuously declining for the last few days.

Fall in gold prices

Gold prices fell by Rs 1,750. Gold of 99.9% purity is now selling at Rs 77,800 per 10 grams. This price is lower than the previous day's Rs 79,550 per 10 grams. Similarly, the price of gold of 99.5% purity also fell by Rs 1,750 to Rs 77,400 per 10 grams.

Experts believe that this fall in gold prices is due to the strengthening of the dollar in the global markets and the increased risk-taking sentiment among investors. If this situation continues, gold prices may fall further in the coming days.

There was a big drop in the prices of silver as well

Silver prices also fell sharply. The price of silver fell by Rs 2,700 to Rs 91,300 per kg, while earlier it had closed at Rs 94,000 per kg. According to experts, silver prices are also under pressure due to the decrease in global demand and the strengthening of the dollar.

Weak signals from global markets

Gold prices are under pressure in global markets. Gold prices have fallen due to the strength of the US dollar index. Gold is trading below $2,600 an ounce on Comex, which is affecting the gold market. Apart from this, the possibility of Donald Trump's victory in the US presidential elections also strengthened the dollar, which further led to a decline in gold.

What will happen in the coming days?

Experts say that if Comex gold remains below $ 2,600 an ounce, gold prices may fall further and reach Rs 72,000 per 10 grams. Apart from this, if the dollar continues to strengthen and demand remains low, silver prices may also fall further.

Although gold and silver prices are seeing a decline at this time, this may be a temporary situation. Investors should carefully monitor the market movements, as these prices may change in the coming time.