Gold Price Today: Yellow metal rate falls as stocks rise

Gold Price Today in Delhi: Gold price fell in the Indian markets today. Slide in the yellow metal was witnessed in the early morning forward and spot market as the MCX gold price dipped by around Rs 52 per 10 gram at 11:56 AM and slipped at Rs 40,358.00 per 10 grams. MCX Silver price also crashed by Rs 131 and slipped at Rs 45,533.

Gold price in Delhi

Gold price in Delhi received a beating yesterday also. So, this MCX gold price crash is not a piece of good news for the bullion market in Delhi. On 11th February 2020, Gold price in Delhi slipped Rs 150 and hit Rs 41,870 per 10 grams. Gold coins weighing 8 grams closed at Rs 31,000 yesterday but the silver price in Delhi received some escalation. Silver price in Delhi soared Rs 300 and closed at Rs 47,750 yesterday. Silver price in Delhi spot market climbed Rs 43 and closed at Rs 46,100 per kg.

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Gold price in the international market

Gold was little changed on Wednesday, as equities rose after the number of new coronavirus cases fell, while uncertainty over the economic impact of the outbreak underpinned bullion. Spot gold was flat at $1,567.82 per ounce by 0348 GMT. U.S. gold futures edged 0.1% higher to $1,571.20.

Gold price got hit yesterday in the international commodity market. On 11th February, Gold future price dipped $2.05 per ounce and closed at $1,569.60 per ounce. Gold April future in the US market nosedived $8.20 per ounce and closed at $1,571.30 per ounce. According to the bullion experts, this crash in gold and silver price is caused by the ease in Coronavirus fears globally.