Gold Price Today: Gold prices fall by Rs 2,200/10 gm in 2 days, silver down by Rs 2,700/kg
Gold prices fell sharply, tumbling by Rs 2,200/ 10 grams in the last 2 days while silver prices fell by Rs 2,700/kg in the same period.
On Monday, gold and silver settled on a weaker note in the domestic and international markets. Gold December futures contract settled at Rs 75,311 per 10 grams with a loss of 2.97% and silver December futures contract settled at Rs 87,699 per kilogram with a loss of 3.38%.
Gold and silver prices sharply corrected after news that Israel-Lebanon are inking a ceasefire agreement. Gold prices showed the biggest single day fall since November 2020 after this news. Silver prices also fell amid improved risk sentiment and easing safe-haven buying.
Gold and silver prices also corrected after President elect Trump’s selection of Scott Bessent as Treasury Secretary. His reputation as a fiscal hawk also pushed gold and silver prices lower.
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