CNN Central News and Network–ITDC India ePress / ITDC News Bhopal: Gold prices fell in the Indian bullion market today, while silver posted a marginal gain. According to the latest market update, gold dropped by Rs 1,562 to around Rs 1.45 lakh per 10 grams. So far this month, gold has become cheaper by nearly Rs 11,000, triggering fresh movement among investors.
According to experts, pressure on gold has increased due to weakness in the international market and a stronger dollar, and its impact is clearly visible in the domestic market as well.
Investors worried by continued decline
The continued fall in gold prices has raised concerns among investors. Such a sharp decline in gold, which is considered a safe investment, has raised questions about the market’s direction. However, some analysts believe the decline may be temporary and that the market could see improvement in the coming days.
Silver posts a modest rise
On the other hand, silver prices recorded a slight increase today. The price of 1 kilogram of silver rose by Rs 257. This uptick in silver is being attributed to industrial demand and global cues.
Impact of global signals
Commodity market experts say uncertainty in the international market and the situation surrounding interest rates are having a direct effect on gold and silver prices. Strength in the dollar index is continuing to put downward pressure on gold.
What lies ahead?
Analysts say the movement in gold and silver prices in the coming days will depend on global economic data, the dollar’s trajectory, and demand-supply trends. For now, volatility is expected to continue in the market.
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