Gold Price Today: There has been a big decline in the gold and silver market. Especially the price of gold fell by Rs 1,650 to Rs 79,500 per 10 grams, while silver also fell by Rs 2,900 to Rs 93,800 per kg. Let us know the reasons behind this and what is the future situation.

Gold price drops by Rs 1,650

On Thursday, there was a big fall in the prices of gold in the bullion market of the national capital. On Wednesday, the price of gold was Rs 81,150, which has now come down to Rs 79,500 per 10 grams. The main reason for this fall is believed to be the decrease in demand from local jewelers and weakness in global markets.

Experts say that the strength of the US dollar and expectations of interest rate cuts from the US central bank, the Federal Reserve, have led to weakness in gold. Apart from this, the trend of risk-taking investors has increased in some markets, which has reduced the attractiveness of gold as a safe investment.

Silver also became cheaper by Rs 2,900

There has been a huge drop in the prices of silver. On Wednesday, silver was Rs 96,700 per kg, which has now come down to Rs 93,800. The main reason for this is said to be the decrease in industrial demand and weak global trend.

Another reason affecting the prices of silver is the rise in the US dollar. The strength of the dollar has suppressed the value of precious metals like silver.

impact of global markets

Gold and silver prices are continuously falling in the global markets. In the Asian markets, the price of gold fell by $ 1.90 per ounce to reach $ 2,674.40. The price of silver also fell by 0.24% to $ 31.26 per ounce.

The rise in US bond returns and the impact of Donald Trump have also led to a decline in gold. Investors are now investing in risky assets like bitcoin and the stock market, which has reduced the demand for gold.

What could happen next?

Experts believe that after the US Federal Reserve meeting in the coming days, there may be further fluctuations in the prices of gold and silver. There is a possibility of any change in interest rates, which will affect the market.

At present, investors are a little worried due to the fall in the prices of gold and silver, but new market trends and future decisions can affect their prices.