Gold Silver Price Today: If you are thinking of buying gold and silver then this is a golden opportunity for you. After reaching a record high, the prices of gold and silver are now continuously falling.
Gold Silver Price Today:
There is strong action in the prices of gold and silver on Tuesday. The prices of both are soft in the domestic futures market. The price of gold on MCX has slipped below Rs 59400 per 10 grams. The price of silver has also slipped by about Rs 250. The rate of one kilogram silver on MCX is around Rs 72800. The effect of pressure in the global bullion market is visible on the domestic commodity market.
Gold and silver in international market
A softening of gold and silver prices is also being seen in the international spot market. Gold on COMEX has slipped to its highest level in almost a month. At present the price of gold is around $1960 per ons. Whereas the price of silver has fallen by about one and a half percent. Silver is trading at $ 24.23 per ons on COMEX.
Reason for pressure in gold and silver
The reason for the softening of gold and silver is the strength in the dollar index and bond yields. The US 10-year bond yield has crossed 4.21 per cent. Dollar index is also trading above 104. Earlier, a rise in gold and silver was recorded due to the signal of US FED’s rate hike.
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