New Delhi: A fall in gold was recorded in the international market on Saturday. As soon as the news of a possible peace try-on between America and Iran arrived, investors' conviction in "safe haven" gold was shaken. Along with this, expectations of resurgence in consumer conviction in America and reduction in inflation moreover increased the pressure on gold.
What will be the international rates?
Spot gold fell 0.3% to 4,201.61 dollars an ounce, equal to Bloomberg. Silver moreover fell by 0.61%. Platinum and palladium were moreover trading with weakness. Experts are saying that there was a strong rise in gold as soon as the war started in late February. But now that hopes for peace have increased, investors are shifting towards riskier assets. In the last few days, gold has wrenched several important technical levels, which triggered remoter selling.
What is the rate in Delhi?
| Carat | Price/10 gm |
| 24-carat | Rs 15,036,022 |
| 22-carat | Rs 1,127,700 |
| 18-carat | Rs 246,730 |
What is going on in Mumbai?
- 24 carat: Rs 150,620 per 10 gm
- 22 carat: Rs 138,068 per 10 grams
- 18 carat: Rs 112,965 per 10 grams
- Silver: Rs 247,160/kg
What is the position in Chennai and Kolkata?
Chennai: 24 carat Rs 151,050/10 gm – most expensive in big cities. Silver: Rs 247,880/kg Kolkata: 24 carat Rs 150,420/10 grams, Silver Rs2,46,830/kg
Now what will happen next for gold?
Market experts are keeping an eye on the talks between America and Iran. If a deal is reached between the two and geopolitical tension reduces, then there will be increasingly pressure on gold. Rates may slip down. But if negotiations goof or uncertainty increases, investors will then run towards gold. Then the prices will go when up. Currently, gold is in "wait and watch" mode.
