A big fall is being seen in the prices of gold and silver from New York to Indian markets. Within 15 minutes of the opening of India’s Multi Commodity Exchange, gold prices fell by Rs 900, while silver prices fell by Rs 1200. According to experts, due to the strength of the dollar index, there is a big fall in the prices of gold and silver. In fact, after the victory of Donald Trump, the dollar is becoming stronger. On the other hand, Trump has talked about increasing tariffs on some countries after the oath. Let us also tell you what the prices of gold and silver have become.
Gold prices fall on MCX
There is a big fall in the price of gold on the Multi Commodity Exchange on the first trading day of December. The gold market fell by Rs 900 within 15 minutes of opening. According to the data, during the trading session, gold prices reached the day’s lowest level of Rs 76,201 per ten grams. Whereas on Friday the price of gold was seen at Rs 77,128. At 9.20 am, the price of gold was seen falling by Rs 834 per ten grams to Rs 76,294 per ten grams.
Silver cheaper by Rs 1200
On the other hand, silver prices also seem to be rising. On Multi Commodity Exchange, silver prices fell by Rs 1175 to the level of Rs 90,034 per kg within 10 minutes. If we look at the data, when the market closed on Friday, the price of silver was at Rs 91,209. Whereas today it closed at Rs 90,555. By the way, at 9.20 am the price of silver was seen falling by Rs 974 to Rs 90,235.
condition of foreign markets
A huge decline is being seen in the prices of gold in foreign markets also. According to the data, gold future on Comex is trading at $ 2,648.50 per ounce with a fall of $ 33 per ounce. Gold spot price is down by $16 per ounce at $2,627.07 per ounce. In the European market, the price of gold is trading with a slight increase of 3 Euros and the price is at 2,496.26 Euros per ounce. On the other hand, silver future on Comex is down by 1.42 percent at $ 30.67 an ons. Whereas the price of silver spot is trading at $ 30.23 per ounce with a decline of 1.28 percent.