Gold is continuously becoming expensive, yet it remains the first choice of investors, note today's price
Gold-Silver Price Today, 05 January: Gold has given bumper returns to investors. At the same time, an increase in gold prices is being seen since the beginning of the year 2024. Even today there has been a slight decline in the prices of gold.
HR Mandi Bhav Gold-Silver Price Today, 05 January: Gold has given bumper returns to investors. At the same time, an increase in gold prices is being seen since the beginning of the year 2024.
Even today there has been a slight decline in the prices of gold. Apart from this, no change has been seen in the prices of silver. Today the price of gold has closed just above Rs 63,000. Apart from this, silver has also closed around 77,000.
In the national capital's Delhi bullion market, gold fell by Rs 100 on Friday to Rs 63,450 per 10 grams. HDFC Securities has given this information. However, the price of silver remained unchanged at Rs 76,900 per kg.
What is the expert's opinion?
Saumil Gandhi, Senior Analyst-Commodity at HDFC Securities, has said that the fall in gold continued on Friday. Following the softening trend in foreign markets, spot prices of gold in Delhi markets fell by Rs 100 to Rs 63,450 per 10 grams.
In the international market, gold fell marginally to $ 2,040 an ounce and silver stood at $ 23.03 an ounce. Gandhi said gold prices remained under pressure due to better than expected US macroeconomic data and rising dollar and US bond yields due to uncertainty over the Federal Reserve's interest rate cut strategy.
What is the price of gold on MCX?
Apart from this, if we talk about gold prices on MCX, gold has become expensive here. Gold price on MCX is down by 0.06 percent at Rs 62680 per 10 grams. Apart from this, silver is also at Rs 72461 per kilogram with an increase of 0.17 percent.