New Delhi: There is good news for those who buy gold before Diwali. Gold has become cheaper in Delhi for the second consecutive day. After Thursday, a big drop was seen in the price of gold on Friday. Due to this, the price of gold has become cheaper by Rs 1450 from the record level. At the same time, there has been a slight decline in the price of silver as well. This decline of Rs 3000 has been seen. After which the price of silver in Delhi has come down below Rs 1 lakh. According to experts, the prices of gold and silver have fallen due to profit booking and weak demand in foreign markets.

Know the price of gold in Delhi.

Due to sluggish demand from jewelers and retailers, the price of gold fell by Rs 1,150 to Rs 80,050 per 10 grams in the bullion market of the national capital Delhi on Friday. Apart from this, the price of gold of 99.5% purity fell by Rs 350 to Rs 80,450 per 10 grams, while its price was Rs 80,800 per 10 grams on the previous day. At the same time, the price of gold of 99.9% purity fell by Rs 1,150 to Rs 80,050 per 10 grams, while its price was Rs 81,200 per 10 grams on Thursday.

latest silver price

Silver also remained under selling pressure and slipped by Rs 2,000 to below Rs 1 lakh to Rs 99,000 per kg. Earlier on Thursday, silver closed at Rs 1.01 lakh per kg. In the last two days, the price of silver has seen a decline of Rs 3,000. On Thursday, the price of silver saw a decline of Rs 1,000. Traders said that the prices of gold were affected by weak demand from gold and silver sellers in the local markets and weak trends in foreign markets.

Gold and Silver Prices on MCX

On the other hand, if we talk about the prices of gold and silver on the Multi Commodity Exchange, then they have closed with a slight increase. On the last trading day, Friday, gold closed at Rs 78,532 with a gain of Rs 205. However, during the trading session, the price of gold also reached Rs 78,580. On the other hand, if we talk about the price of silver, on Friday it closed at Rs 97,134 per kg with a gain of Rs 102. Silver also reached the highest level of Rs 98,069 during the day. Globally, gold futures in the commodity market fell by $ 15.90 an ounce or 0.58% to $ 2,733 an ounce. Silver fell 1.39 percent to $ 33.33 an ounce in the Asian market.