Gold, silver value fall for third consecutive day

by Jeremy Spirogis
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new Delhi: Gold and silver costs are additionally falling for the third consecutive day. The nationwide capital Delhi has seen a giant fall within the value of gold on Wednesday. The value of gold has fallen by Rs 396 on Wednesday. Due to this fall, on Wednesday, February 5, the value of gold has fallen to Rs 40,871 per 10 grams. This decline was recorded because of the strengthening of the Indian rupee and a lower in demand for gold. Earlier on Tuesday, gold had closed at Rs 41,267 per 10 grams. The value of 24 carat gold in Delhi has additionally fallen by Rs 396 on Wednesday.

Silver costs have additionally declined in Delhi on Wednesday. <! –

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                 Silver fell by Rs 179 per kg on Wednesday. With this, the value of silver has now gone as much as Rs 46,881 per kg. Earlier on Tuesday, silver had closed at Rs 47,060 per kg. Talking concerning the Indian rupee, it was buying and selling eight paise stronger at 71.17 in opposition to a greenback in early commerce on Wednesday. The rise in home fairness markets and contemporary inflows of international funds have strengthened the rupee.

Talking concerning the world market, each gold and silver had been secure. Gold was trending at $ 1,554 an oz. and silver at $ 17.70 an oz.. HDFC Securities Senior Analyst (Commodity) Tapan Patel mentioned that attributable to stability within the Chinese indices and the rise in world markets, gold costs have declined.

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