Gold Silver Price: Since May till now, the rate of gold in the bullion market has seen a fall of about Rs 2200 and that of silver by more than Rs 5500. Gold and silver rates saw a rise on the Multi Commodity Exchange (MCX) on Thursday.
Gold Price 8th June: Gold and silver, which reached the record level a month ago, are now witnessing a steady decline. From the first week of May till now, there is continuous ups and downs in gold and silver. Last month, on May 5, gold and silver had reached a record high. Gold saw a rise on that day and it closed at the level of Rs 61739. Similarly, silver closed at the level of Rs 77280 per kg. Since this day both the precious metals are declining.
Gold came down by Rs 2200
Since May till now, the rate of gold in the bullion market has seen a fall of about Rs 2200 and that of silver by more than Rs 5500. On Thursday, there was a rise in the rate of gold and silver on the Multi Commodity Exchange (MCX), while it fell down in the bullion market. Even amid the ongoing fall in prices, experts believe that gold and silver will rise soon. According to experts, gold can touch the level of 65,000 on the occasion of Diwali.
Gold and silver rates climbed on MCX
On Thursday, there is a rise in the rate of gold and silver on the Multi-Commodity Exchange (MCX). On Thursday, gold rose by Rs 17 to Rs 59520 per 10 grams on MCX and silver is trending up by Rs 625 to Rs 71725 per kg. Earlier on Wednesday, gold had closed at Rs 59503 and silver at Rs 71725 per kg on MCX.
Gold rate broken in bullion market
According to the rate released on the official website of bullion market https://ibjarates.com, 24 carat gold fell to Rs 59570 per 10 grams on Thursday. Similarly, silver fell to Rs 71,750 per kg. The difference between today’s and May 5’s rate is around 2200 in gold and 5500 in silver. Earlier on Wednesday, gold had closed at Rs 60028 per 10 grams and silver at Rs 71824 per kg.
If you want to buy gold jewellery, then you will have to pay GST and making charges separately from this rate. On Thursday, the rate of 23 carat gold was Rs 59331, 22 carat gold was Rs 54566 and 20 carat gold rate was Rs 44678 per 10 grams.
