New Gold Rate (Gold Price, 12 July 2021) – On Monday, a fall of Rs 169 per 10 grams was recorded in the price of gold in Delhi bullion market. The new price of gold of 99.9 grams of purity has now reached Rs 46,796 per 10 grams in the capital Delhi. At the same time, the price of gold in the international market fell to $ 1,804 an ounce today.
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New Silver Price (Silver Price, 12 July 2021) – There was a declining trend in the price of silver today. Silver prices on Monday fell by Rs 300 to close at Rs 67,611 per kg in the Delhi bullion market. At the same time, there was not much change in the price of silver in the international market today and it reached $ 26.01 an ounce.
The fall in the futures price of gold – Gold futures fell by Rs 190 on Monday and reached Rs 47,733 per 10 grams. The August delivery futures on the Multi-Commodity Exchange (MCX) fell 0.4 percent. Experts say that due to the decrease in the demand for gold, a fall in the futures price has been registered. Gold is trading 0.43 percent lower at $ 1802.90 an ounce in New York.
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Why did gold fall? HDFC Securities Senior Analyst (Commodities) Tapan Patel said that gold prices have seen a fall due to the strengthening of the dollar. At the same time, the ongoing volatility in the price of gold at the international level is also affecting the price of precious metals in the Indian bullion market.