Gold Price Today on 19th July 2024: Gold fell by Rs 750 to Rs 75,650 per 10 grams in the bullion market of the national capital on Friday amid weak demand from jewelers. With this, the rise in gold for the last six trading sessions came to an end. The All India Sarafa Association gave this information. In the previous trading session, gold closed at Rs 76,400 per 10 grams. Meanwhile, gold of 99.5 percent purity fell by Rs 800 to Rs 75,300 per 10 grams. On Thursday it closed at Rs 76,100 per 10 grams.
Spot price of silver
The price of silver also fell by Rs 1,000 to Rs 93,000 per kg. In the previous trading session, it was at Rs 94,000 per kg. Sources attributed the fall in gold prices to a weak trend in global markets and a drop in demand from jewelers in the country.
Global price of gold and silver
Gold was trading lower for the third consecutive session on Friday in the foreign market Comex, under pressure due to the recovery in the dollar from a four-month low and a rise in the US 10-year bond yield. “Kainaat Chainwala, AVP (Assistant Vice President) of Commodity Research at Kotak Securities, said, “Investors’ profit booking near all-time highs amid concerns over the tariff war with China and other political and geopolitical challenges affected the price of the precious metal.” Apart from this, silver also declined to $ 29.32 an ounce in New York.
Gold and silver futures price
On Friday evening, gold for delivery on August 5, 2024 on MCX exchange was seen trading at Rs 73,040 per 10 grams, down 1.50 per cent or Rs 1115. At the same time, silver for delivery on September 5, 2024 was seen trading at Rs 89,764 per kg with a huge decline of 2.19 percent or Rs 2008.
