Gold Price Today: The price of gold fell below the level of Rs 79,000 per 10 grams in the bullion market of the national capital on Tuesday. This decline was recorded due to low buying by stockists and retailers and caution in the last trading session of the year.

Gold price falls by Rs 550

Gold of 99.9% purity fell by Rs 550 to Rs 78,950 per 10 grams. Its price was Rs 79,350 on Monday.

23.5% rise in one year

However, gold prices have increased by Rs 15,030 (23.5%) in the last one year.

More than 20% jump in 2024

HDFC Securities Senior Analyst Saumil Gandhi said that domestic gold prices rose by 20% and spot gold by 26% in 2024. Global geopolitical and economic uncertainty, interest rate cuts by central banks and strong demand contributed to this increase.

Silver also slipped by Rs 2,000

Silver prices also fell by Rs 2,000 to Rs 89,700 per kg on Tuesday. It was at Rs 91,700 on Monday.

Status of 99.5% Purity Gold

Gold of 99.5% purity also declined by Rs 550 to Rs 78,400 per 10 grams.

Low business due to holidays

Jatin Trivedi, Vice President, LKP Securities, said gold prices remained in a limited range due to slow market activity during the New Year and holidays.

Status of gold in the global market

Gold futures on Comex rose by $4.8 to $2,622.90 an ounce. However, silver futures fell 0.16% to $29.37 an ounce in the Asian market.

Future predictions and expert opinions

Experts believe that geopolitical tensions, global interest rates and demand direction will affect the prices of gold and silver in the coming months.