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Gold Silver Price Closing: Gold breaks down near Rs 50,700, silver slips below Rs 60,000

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Gold Silver Price Closing: In four of the five consecutive days, there is a decline in the price of gold and silver and today silver has slipped below the important level of Rs 60,000. Gold has also come close to 50700.

Gold Silver Price Closing: Gold prices on Thursday declined by Rs 133 to Rs 50,719 per 10 grams in the Delhi bullion market due to fall in the prices of precious metals in the international market. Due to this, gold had closed at Rs 50,852 per 10 grams in the previous trading session.

Know how much fall in silver prices
Similarly, the price of silver also fell by Rs 664 to Rs 59,781 per kg. In the last trading session, the price of silver was Rs 60,445 per kg. HDFC Securities gave this information.

What commodity experts have to say
HDFC Securities Senior Analyst (Commodity) Tapan Patel said spot price of 24 carat gold in the Delhi bullion market has declined by Rs 133 in line with the fall in gold prices on the New York-based commodity exchange, Comex. On the other hand, gold was at US $ 1,833 an ounce in the international market, while silver closed at $ 21.24 an ounce.

Investors are looking for safe investment option in gold and silver
Gold and silver are trading with a decline today, but commodity experts believe that the weakness of gold and silver may stop soon and they can come back on the path of bounce. Knowing the safe investment in gold, investors are getting attracted towards it and after the rising dollar prices, gold is getting cheaper, then this is a good option for other people.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Prachand.in. Publisher: ABP News

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