US dollar at 5-week low, yet gold prices fall, know new rates

Gold-Silver Rates Update: Gold rates are trading with a decline despite the US dollar reaching a five-week low. In the multi-commodity market, gold opened at a lower level of Rs 59,340 for August futures and reached a low of Rs 59,311 per 10 grams in the morning itself.

On Friday morning, gold prices fell 0.05 per cent to trade at $1,956 an ounce in the Asian market. On MCX, the price of silver opened at a level of Rs 72,323 per kg and reached a high of Rs 72,366 within a few minutes of the market opening. However, due to profit-booking, silver prices declined and it was then trading at Rs 72,219 per kg.

Gold prices may go up

There has been weakness in the US dollar for some time now. Despite this, the prices of gold and silver have come down. Although the price of gold is expected to increase. According to experts, the European Central Bank has increased the interest rate by 25 bps, due to which the dollar has declined and is expected to fall further. It is estimated that the price of both gold and silver may increase in the coming times.

Gold price in some cities of the country

The price of 24 carat gold in Delhi was Rs 60,260 per 10 grams, which is Rs 440 per 10 grams more than Thursday. Whereas in Delhi, the price of 22 carat gold was increased by Rs 400 to Rs 55,250 per 10 grams. In Ahmedabad, the price of gold was higher by Rs 440 and was trading at Rs 60160 per 10 grams.

gold price in your city

In Mumbai’s Sarafa Bazar, the price of gold climbed by Rs 440 to Rs 60,110 per 10 grams. In Chennai, the gold price rose by Rs 410 to trade at Rs 60,460 per 10 grams. In the bullion market of Lucknow, the gold price rose by Rs 440 to Rs 60,260. In Bengaluru, gold has increased by Rs 440 to Rs 60160 per 10 grams.

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