Gold-Silver Price: This is great news for those who buy jewelery during the wedding season. However, experts also say that the rate of both gold and silver will increase in the coming times. Let’s know today’s latest price.
After reaching the record price in the last days, the price of gold and silver is now showing a decline. After the fall in the rates of both the precious metals, now they have reached the old level.
At this time, gold has come down near the record level made in August 2020. This is great news for those who buy jewelry during the wedding season. However, experts also say that the rate of both gold and silver will increase in the coming times.
Silver broken by 5 thousand rupees
A few weeks ago, the price of gold crossed Rs 58,000 and silver reached Rs 71,000 per kg. From the record level, gold has fallen by about Rs.2500 and silver by Rs.5000 so far. If you are waiting for the price of gold to come down further, then there is little hope for it. It may become expensive again in the coming times.
Fall in gold and silver on MCX
On Thursday, a big drop was seen in the rate of gold and silver on the Multi-Commodity Exchange (MCX). Gold, which reached close to 58,000 about two and a half weeks ago, has now come down below 56,000.
On Thursday, gold fell by Rs 219 to reach 55864 on the Multi-Commodity Exchange (MCX) in the afternoon. Similarly, silver was seen trading at Rs 65086, falling by Rs 352. On Wednesday, gold closed at Rs 56083 and silver at Rs 65438 per kg.
Bullion market continues to decline
A fall in the rates of both gold and silver was observed in the bullion market on Thursday. According to the price released on Thursday by the India Bullions Association (https://ibjarates.com), 24 carat gold fell to the level of Rs 56197 per 10 grams. The rate of silver also declined and it fell to Rs.65,293 per kg.
Gold has fallen to the level of August 2020 at this time. Two and a half years ago, gold made a record of Rs 56,200. That is, at this time it is available at the rate of two and a half years old. Earlier on Wednesday, gold had closed at Rs 56496 per 10 grams and silver at Rs 65986 per kg.
On Thursday, the rate of 23 carat gold reached Rs 55972 per 10 grams, 22 carat Rs 51477 per 10 grams and 18 carat reached Rs 42148 per 10 grams.
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