Gold-Silver Price Latest Updates: If you are also planning to buy gold and silver, then there is good news for you. The price of gold has come down by more than Rs 5500. At the same time, silver has also come down to the level of 60,000. Let’s know the latest rates.
Gold and Silver Price: Amidst the bad signals from the global market, gold and silver are getting cheaper once again after becoming expensive. In this sequence, today gold has gone down to a 3-month low. i. Before this, gold had gone to the level of 56,000. There has been a bumper cut in the price of gold and silver during the wedding season. If you also want to buy gold and silver, then immediately check the latest rate here.
Bumper fall in gold and silver
On the Multicommodity Exchange (MCX) this morning, the futures price of 24-carat gold fell by Rs 228 to Rs 50,358 per 10 grams, which is the lowest level in three months. At the same time, silver was also trading lower by Rs 280 at Rs 60,338 per kg.
Although gold had opened at a price of Rs 50,445 this morning, but then it fell 0.45 percent to a three-month low. On the other hand, silver also opened at Rs 60,525 in the morning, but soon it fell 0.46 per cent to 60,338.
Global market also down
The prices of gold and silver have also fallen in the global market. Not only in India, but also in the US bullion market, gold fell 0.3 percent to a three-month low. Here gold is trading at $ 1,832.06 an ounce, while silver fell 0.1 percent to $ 21.23 an ounce. The condition of other precious metals is also not looking good. Platinum rose 0.1 percent to $964.64, while palladium fell 1.2 percent to $2,040.25.
Why did gold become cheaper?
The question is, why has gold become so cheap during the wedding season? In fact, bond yields in the US have reached a 20-year high, which has frightened investors. That’s why there has been a demand for gold and silver. In such a situation, its prices are continuously falling in the global market as well. On the other hand, the IMF has also reduced the global growth rate this year.
