The effect of the fall in the global market was visible on the Indian market on Thursday and there was a softening in the prices of gold and silver. On MCX, the futures price of gold has fallen below 51 thousand, while silver has also come down below the price of 67 thousand.
Gold-Silver Prices also declined in the Indian market on Thursday due to fluctuations in the global market. The rate of gold fell below 51 thousand today.
The futures price of 24-carat purity fell by Rs 47 to Rs 50,906 per 10 grams on the Multicommodity Exchange (MCX) at 9.10 am. Earlier, the price of gold opened at Rs 50,906 and remained stable. Gold is currently selling cheaper than its record level by about Rs 4,700 per 10 grams.
The gold rate had reached its record level during the Corona epidemic. In 2020, due to the sharp fall in the stock market, the demand for gold had increased and its rate had reached around Rs 55,700 per 10 grams.
Big fall in silver, prices fell below 67 thousand
On MCX, there was a big fall in futures price of silver on Thursday and prices came down below 67 thousand. Silver futures fell by Rs 537 to Rs 66,869 per kg at 9.10 am. Silver is also selling cheaper by about 6 thousand rupees from its record level. A day ago there was a jump in the prices of gold and silver, but today there is an atmosphere of decline again.
The price of gold has also increased in the
global market, the rate of gold has also come down in the global market. Here the spot price of gold reached $ 1,926.95 an ounce, while silver prices also declined by 1.39 percent. The spot price of silver in the global market has come down to $ 24.76 an ounce.
Gold will be cheaper if
the war ends It is estimated that in the next 50 days, the spot price of gold in the global market can go up to $ 1,892 an ounce. Silver is also estimated to be around $ 24 an ounce. Silver is estimated to be trading around Rs 66,550 in the Indian market, while gold can be cheaper up to Rs 50,550.
