silver became cheaper
Amidst the boom in the stock market, today again a decline in the prices of gold and silver has been seen in the country. The price of silver has decreased by approximately Rs 2 thousand in the spot market. At the same time, the price of gold has also decreased by about Rs 800. Gold and silver prices have fallen today in big cities including the country’s capital Delhi. Let us tell you about the latest rates.
Today, a fall in the prices of both gold and silver was seen on the Multi Commodity Exchange (MCX). Gold for April delivery fell by Rs 2,065 or about 1.30% and opened at Rs 1,56,001 per 10 grams. On Monday its price was Rs 1,58,066 per 10 grams. At the same time, silver for March delivery also remained weak and started trading at Rs 2,62,620 per kg, falling by Rs 2,623 i.e. about 1%.
Effect of profit booking in international market
There was a sharp fall in the prices of gold and silver in the international market today. After two consecutive days of rise, investors booked profits, due to which the prices fell by about 2%. In the Asian market, spot gold fell 0.70% to $ 5,040 an ounce. There was a bigger fall in silver and it fell by 1.94% to $ 80.33 an ounce. Let us tell you that gold has now fallen by more than 11% from its all-time high, while silver has fallen by almost 50% from its upper level.
Latest gold prices in major cities
Today, fluctuations in gold prices were also seen in different cities of the country. In Delhi, 24 carat gold is being sold at the rate of Rs 156,970 and 22 carat gold at Rs 143,889 per 10 grams. In Mumbai, 24 carat gold is at Rs 157,240 and 22 carat gold is at Rs 144,137 per 10 grams. The price of 24 carat gold in Kolkata is Rs 157,030 and that of 22 carat is Rs 143,944. Whereas in Chennai, 24 carat gold is priced at Rs 157,700 and 22 carat gold is priced at Rs 144,558 per 10 grams. In Bengaluru and Hyderabad also, gold prices remain in approximately the same range.
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