Gold Rate on 25 Aug: Gold prices fell, silver also fell drastically, know what was the price left

August 26, 2020August 26, 2020

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The domestic bullion market recorded a sharp fall in the spot price of gold and silver on Tuesday. The spot price of gold has declined by Rs 557 per 10 grams on Tuesday. According to HDFC Securities, the price of gold in Delhi has fallen to Rs 52,350 per 10 grams due to this decline. Significantly, in the last session on Monday, the spot price of gold in the domestic bullion market closed at Rs 52,907 per 10 grams. At the same time, silver has recorded a tremendous fall on Tuesday.

Mangalwar fell sharply by Rs 1,606 per kg on spot silver. The price of silver has come down to Rs 66,736 per kg. Significantly, in the previous session, silver had closed at Rs 68,342 per kg on Monday.

Talking about the Indian rupee, the rupee closed steady at 74.33 after losing its initial lead on Tuesday against the US dollar. Due to no significant change in the domestic stock markets, the rupee did not see much change.

Talking about the international market, gold trended marginally higher at $ 1,930 an ounce level on Tuesday. At the same time, silver was seen trending at $ 26.45 an ounce level globally

HDFC Securities Senior Analyst (Commodity) Tapan Patel said, “Gold was almost stagnant globally due to the weakening of the dollar and concerns over the rise in cases of corona virus infection in Asia and Europe. However, positive sentiments limited the price rise on signs of a resumption of the US-China trade talks.