gold Silver
Gold and silver prices are witnessing a second consecutive decline. The special thing is that the price of silver has come down from record high to about Rs 19 thousand. If we talk about Thursday, a fall of up to Rs 10 thousand has been seen in the prices of silver. On the other hand, the price of gold also seems to be increasing.
According to experts, due to the increase in the dollar index, a decline in the prices of precious metals is being seen. On the other hand, profit-booking trend by investors is also pushing down the prices. If experts are to be believed, there may be fluctuations in the prices of gold and silver in the coming days. Let us also tell you what the prices of gold and silver have become…
Silver prices crashed
A big fall is being seen in the prices of silver on the country’s futures market Multi Commodity Exchange. If we look at the data, the price of silver fell by Rs 10 thousand during the trading session to Rs 2,40,605, which is the lower level of the day. Whereas silver opened at Rs 2,51,041, which was higher than Wednesday’s closing of Rs 2,50,605. However, at 11:50 pm, the price of silver is trading at Rs 2,41,682 with a fall of Rs 8,923.
By the way, silver prices have come down much from the record high. If we look at the data, during the trading session on October 6, the price of silver had reached a record level of Rs 2,59,322 per kg. Since then, a fall of Rs 18,717 has been seen in the prices of silver, which is considered a big fall.
Big fall in the price of gold
On the other hand, a huge decline was also seen in the prices of gold on the country’s futures market Multi Commodity Exchange. If we look at the data, gold fell by more than Rs 1500 during the trading session. On Thursday, gold also reached the day’s lower level at Rs 1,36,500 per 10 grams, which had closed at Rs 1,38,009 per 10 grams a day earlier. This means that a fall of Rs 1,509 has been seen in the price of gold. However, on Thursday, gold prices opened at Rs 1,37,996.
What are the experts saying?
If experts are to be believed, there may be fluctuations in the prices of gold and silver. According to Anuj Gupta, Director of Wealth Management, the effect of profit booking in gold and silver prices and rise in dollar index is being seen. The influence of Venezuela has also ended now. Due to which there is pressure in the prices of both the metals. He said that a fall in the prices of gold and silver may be seen in the coming days also.