Partial slowdown in gold due to stuck demand of jewelers at high prices

Gold and Silver Price in MP: Indore (Naiduniya Representative). Due to the absence of wedding season and high prices, the demand for gold jewelery has stopped for the time being. Jewelers are also taking less interest in buying gold at higher prices due to the rise in gold prices for the last two days. This is the reason that despite the strengthening of gold in the international bullion futures market on the last trading day of the week, a partial decline was registered in the domestic markets.

In Indore, gold Cadbury fell marginally to Rs.57,750 per ten grams. On the other hand, gold rose by $ 10 to $ 1934 an ounce and silver was seen trading up by nine cents at $ 22.01 an ounce on Comex. Due to non-availability of silver stock in the domestic market, the foreign exchange rate continued to rise in Indore. Silver chorsa rose by Rs. 300 to Rs. 66900 and raw silver by Rs. 300 to Rs. 67000 per kg. There is a possibility of sporadic trading in the market from next week. Comex gold was seen trading above 1934 and below $ 1918 per ounce and silver was seen trading above $ 22.01 and below $ 21.65 per ounce.

Indore’s closing price – In Indore, Gold Cadbury Rawa was quoted at Rs.57750 in cash, Gold (RTGS) at Rs.59800, Gold (91.60 carat) at Rs.54775 per ten grams. Gold had closed at Rs 57,850 on Thursday. At the same time, silver chaurasa was quoted at Rs 66900, silver raw at Rs 67000, silver chaurasa (RTGS) at Rs 68250 per kg. Silver had closed at Rs 66600 on Thursday.

Gold and silver prices in Ratlam bullion market

Gold standard was Rs 59600 and gold rawa was Rs 59550 per ten grams. Whereas, silver chaurasa was quoted at Rs 67,850 and silver tanch at Rs 67,950 per kg.

Posted By: Hemraj Yadav


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