For a long time, the prices of gold and silver were continuously decreasing, due to which customers made a lot of purchases and now the prices of gold and silver have increased, due to which investors have benefited a lot.
After making a record of reaching the price of Rs. On Tuesday it fell to Rs 3000. Similarly, silver had also made a record of 71000 on the previous day and it fell to the level of 63000 on Tuesday. In this way, it fell by Rs 8000 per kg. Due to the recession in the global market, this decline is being seen in both the precious metals.
If you have bought gold or silver in the midst of the fall in gold and silver in February, then now you will definitely feel happy because of the rise in its rate . Many people have bought gold during the wedding season, which is now profitable. After reaching the record level in the last days, both gold and silver saw a continuous decline. Leaving behind the record of Rs 56200 per 10 grams of August 2020, gold has made a record of 58500 this time.
Rise in gold and silver on MCX
On Wednesday, a rise in the rate of gold and silver was seen on the Multi-Commodity Exchange (MCX). Gold, which has crossed 58,000 in the last days, is trending at Rs 55839 with a gain of Rs 83 on Wednesday. Similarly, silver had also crossed 71,000 in the previous days. But today it has gone up by Rs 340 and is currently trending at 64963. On Tuesday, gold closed at Rs 55756 and silver at Rs 64623 per kg.
There was a boom in the bullion market as well
The rate of both gold and silver saw a rise in the bullion market on Wednesday. According to the price released by the India Bullions Association (https://ibjarates.com), 24 carat gold jumped to the level of Rs 56085 per 10 grams. Tremendous growth was also seen in the same silver and it climbed up by Rs. 1400 to reach Rs. 64407 per kg.
Gold has once again fallen and reached near the level of August 2020. Two and a half years ago, gold made a record of Rs 56,200. Earlier on Tuesday, gold had closed at Rs 55550 per 10 grams and silver at Rs 63007 per kg. On Wednesday, the rate of 23 carat gold reached Rs 55860 per 10 grams, 22 carat Rs 51374 per 10 grams and 18 carat reached Rs 42064 per 10 grams.
