Gold-Silver Price: Due to the strengthening of the dollar, gold prices have fallen on Friday. The price of gold in Delhi has come down by Rs 400 to Rs 91,250 per 10 grams.

Gold-Silver Price: If you are planning to buy gold, then there is big news for you. There has been a drop in the price of gold across the country. The price of gold in the country's capital Delhi has come down by Rs 400 to Rs 91,250 per 10 grams. On Thursday, gold with 99.9 percent purity closed at Rs 91,650 per 10 grams.

Why did gold suddenly become cheaper?

The price of gold with 99.5 percent purity fell by Rs 400 to Rs 90,800 per 10 grams. During the last trading session, it closed at Rs 91,200 per 10 grams. According to the All India Sarafa Association, the price of gold has come down due to profit booking and sluggish trends in global markets.

Let us tell you that the price of gold in India depends on its prices in international markets. In such a situation, the fluctuations in the price of gold in international markets affect here. The reason behind this is that gold is produced in limited quantity in India and hence India ranks first in the world in terms of importing gold.

Silver price also decreased

According to ET report, HDFC Securities Senior Commodities Analyst Saumil Gandhi said, "Gold prices have fallen due to profit booking by traders and the rise in the US dollar."

The price of gold has come down a bit amid comments made by US central bank Federal Reserve Chairman Jerome Powell on the slow growth rate and inflation in the US. With the price of gold falling for the second consecutive day, the price of silver has also come down by Rs 1,700 from Thursday's closing price of Rs 1.02 lakh per kg to Rs 1,00,300 per kg.

Meanwhile, the price of gold for April delivery on the Multi Commodity Exchange has come down by Rs 493 to Rs 88,213 per 10 grams. Similarly, the futures price of silver has also come down by Rs 1,228 or 1.24 percent to Rs 98,164 per kg.

What is the connection between dollar and gold?

Gold is traded in US dollars. That is, when a country buys gold from another country, the payment is made in dollars only. Now when the dollar is strong against the currency of other countries, countries have to pay more to buy gold. Now it is obvious that when buying gold becomes expensive, it will be bought less. Due to this, the demand for gold decreases, and its price decreases.