GOLD PRICES SHOWED A DECLINE TODAY

In the National capital region, gold saw a downtrend in its future trade today (Friday) . There has been a comparatively low demand in last few days. It also has not been supported by a satisfactory demand from people and a low demand from local jewelers all over the area of National capital region but mostly in Delhi.The precious metal tautens on Friday in global markets as more of investors hold gold earlier but it lost little of its value in the event of stock market crash or bank insolvency and also is not seeking more clarity in the global trade.Due to the ongoing fluctuations in the global economy, Dollar gained value which has also led to the downward moment of the gold prices in the economy. A strong Dollar means gold prices will fall as its value increase in different currenties as both the commodities are inversely related. This led price of gold getting expensive in global economies, depriciating the demand for this commodity.Silver also showed a decline today. It showed less demand from Industrial units and coin makers in the national capital. It is not a good sign of growth as people who have invested money in gold are in deliemma now.The MCX Gold is trading at Rs 31, 938 per 10 grams, high reached to Rs 32,021 today. MCX Silver is trading at Rs 36, 742 per kilo , high reached to Rs 36, 894 today (data updated at 1 pm today IST ).

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