Gold Price Today In India: Due to weakness in the international market and low industrial demand, gold fell by Rs 150 to Rs 77,900 per 10 grams and silver fell by Rs 500 to Rs 93,000 per kg. All eyes are on the policy of the Federal Reserve.
The softening of gold and silver prices across the world also affected the Indian market.
Comex gold futures: Fell by $6 to $2,625 an ounce.
Silver in Asian market: Was trading 0.99% down at $31.38 an ounce.
The US Federal Reserve is expected to cut interest rates. Due to this, investors are turning to other assets instead of gold.
Weak buying by coin makers and industries pushed silver prices further down.
Gold has got some support amid this tension, but it was not enough to stop the decline.
The morning session of Multi Commodity Exchange (MCX) was closed due to Maharashtra assembly elections.
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