Gold Price Today: The price of gold remained unchanged at Rs 78,300 per 10 grams in the bullion market of the national capital on Monday. At the same time, the price of silver fell to Rs 92,500 per kg after three days of rise. The impact of global events and inflation figures is clearly visible in the market.

Gold and silver prices stable.

The price of gold remained at Rs 78,300 per 10 grams in the bullion market of the national capital on Monday. This information has been given by the All India Sarafa Association.

stability in gold prices

The price of gold kept rising for the last nine days. On Friday, gold reached its highest level of Rs 78,300 per 10 grams. But there was no change in its price on Monday.

Fall in the price of silver

Unlike gold, silver prices declined. Silver came down to Rs 92,500 per kg after three days of rise. Silver was at Rs 94,500 per kg in the previous close.

Multi Commodity Exchange (MCX)

On the Multi Commodity Exchange (MCX), the price of gold for October delivery rose by Rs 42 to Rs 74,900 per 10 grams. This is an increase of 0.06 percent.

At the same time, the price of silver contract for December delivery fell by Rs 586 to Rs 90,812 per kg. This is a decline of 0.64 percent.

Inflation and Interest Rates

Kotak Securities AVP Kaynat Chainwala said that soft inflation figures have raised expectations of a cut in interest rates. But there is also a debate about this cut.

Declining consumer confidence

Last week, gold hit an all-time high of $2,708.70 an ounce as consumer confidence declined, raising expectations of further rate cuts by the US Federal Reserve.

Geopolitical tensions

Chainwala also said that due to the ongoing conflict between Israel and Hezbollah, investment in gold as a safe asset is increasing. This is increasing the demand for gold.

Silver in international markets

However, the price of silver fell by 0.30 percent to $ 31.72 per ounce in the international markets. This decline is a matter of concern for the local markets.

It is worth noting that at this time the price of gold is stable, while the price of silver has fallen. This situation is important for investors. It is necessary to keep an eye on market activities. The prices of gold and silver are affected by economic conditions and global events. Investors should pay attention to these so that they can make the right decision.

The price of gold remained stable at Rs 78,300 per 10 grams on Monday, while silver fell to Rs 92,500 per kg. Global events and inflation figures are affecting the market.