Good news for jewellery buyers

If you are in the mood to buy gold, then this is the right time. On the first trading day of the week, a big drop has been seen in the price of gold in the markets of Delhi. After which the prices have come down below Rs 74 thousand per ten grams. On the other hand, a big drop was also seen in the price of silver and the prices in Delhi fell by Rs 2000 per kilogram. Gold prices are completely flat in foreign markets. According to experts, there is confusion in the minds of investors that a cut in interest rates is not possible after the US Central Bank job data comes. Even if it happens, it will be less than expected. Due to which a fall in gold prices is being seen. According to the All India Sarafa Association, the price of gold fell by Rs 700 to Rs 73,500 per 10 grams on Monday in the country's capital Delhi. The yellow metal had closed at Rs 74,200 per 10 grams in the previous close on Friday. Meanwhile, gold of 99.5 per cent purity also fell by Rs 500 to Rs 73,350 per 10 grams, from Rs 73,850 in the previous close.

On the other hand, like gold, silver prices also fell by Rs 2,000 to Rs 83,800 per kg on Monday due to weak demand from industrial units and coin makers. In the previous session, silver metal closed at Rs 85,800 per kg. Domestically, traders attributed the fall in yellow metal prices to weak demand from local jewelers amid weak trend overseas. On the other hand, gold and silver prices are flat in the global market. According to Comex data, gold futures are trading at $ 2,526.70 per ounce with a gain of just $ 2. On the other hand, gold spot prices are trading at $ 2,499.30 per ounce with a gain of $ 1.89 per ounce. On the other hand, silver prices are also seeing a decline of less than one percent. Silver futures are trading at $28.45 per ounce with a gain of 0.95 percent. On the other hand, silver spot prices are trading at $28.14 per ounce with a gain of 0.74 percent.