There was a big fall in gold prices due to reduction in geopolitical and trade tension, decline in festive demand and profit booking by investors. On the country’s futures market Multi Commodity Exchange, which opened at 5 pm on Wednesday, gold prices have seen a fall of about 6 percent i.e. Rs 7700 in just 6 minutes. Experts believe that further decline in gold prices may be seen. After which the prices of gold in the futures market can range from Rs 1.10 lakh to Rs 1.15 lakh. The special thing is that gold prices have seen a decline of about Rs 12 thousand from their record high.
On the other hand, a decline is being seen in the prices of silver. Silver fell by 4 percent in the country’s futures market. After which the prices of silver have come down to Rs 1.44 lakh. The special thing is that silver prices have seen a decline of more than Rs 26,500 per kg from lifetime high. Let us also tell you what the prices of gold and silver have become in the Gold Country futures market.
To be continued…