In the Indian futures market, there is a decline in the price of gold for the third consecutive day. At the same time, there is a slight increase in the price of gold. If experts are to be believed, then if the Fed increases by 25 basis points again, then the price of gold will go below the level of Rs 59,000.
Gold Price TodayImage Credit source: TV9
The Fed Reserve’s policy rate will come out in the month of May. The market of speculations is hot that the American Central Bank may increase the policy rate this time also. Because of which there is a continuous decline in the price of gold in the bullion market. In the Indian futures market, there is a decline in the price of gold for the third consecutive day. At the same time, there is a slight increase in the price of gold. If experts are to be believed, then if the Fed increases by 25 basis points again, then the price of gold will go below the level of Rs 59,000.
Gold became cheaper by Rs 450 in three days
For the third consecutive day, there is a fall in the price of gold. After April 26 and April 27, there is a fall in the price of gold on April 28 as well. On April 25, gold prices had closed at Rs 60,261 per ten grams. While today, during the trading session, gold prices came down to the lower level of the day with Rs 59,804. This means that the price of gold has come down by Rs 457 per ten grams in 3 days. By the way, Subi is trading at Rs 59,815 with a fall of Rs 86 at 11 o’clock.
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rise in the price of silver
On the other hand, there is a rise in the price of silver in the futures market. According to the data, the price of silver is trading with a speed of Rs 141 at 11 am and the price has come down to Rs 75,421. By the way, today silver opened with Rs 75,280 and a day ago the price of silver had closed at Rs 75,280. Since April 25, the price of silver has fallen by about Rs.300. If experts are to be believed, there can be a rise in the price of silver in the coming days.
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Gold in foreign markets below 2000 dollars
New York’s Comex market gold prices have reached below $2000. According to the data, gold futures fell by $ 2.60 an ounce to $ 1,996.40 an ounce. On the other hand, the price of dollar spot is also trading flat at $ 1,988.61 per ounce. Talking about silver, silver future flat on Comex is trading at $ 25.23 per ounce. On the other hand, the spot price of Silver is trading at $25 per ounce.
