Gold prices fall by Rs 350, price becomes Rs 72 thousand

A fall in gold prices was recorded in New Delhi on Friday. According to HDFC Securities, gold prices fell by Rs 350 to Rs 72,000 per 10 grams. However, silver prices remained steady at Rs 83,500 per kg.

Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities, said that gold prices (24 carat) in Delhi markets stood at Rs 72,000 per 10, which is Rs 350 less than earlier. In international markets, gold prices stood at US $ 2,297 an ounce, which is seven dollars lower than the previous data.

Reason for fall in gold prices
US Federal Reserve may take longer to cut interest rates as inflation risks persist
Gold prices are falling after the possible ceasefire between Israel and Hamas.