There is a decline in the prices of Gold, Silver and Copper.
Such a news has come from America, due to which there is chaos in the metals market from America to India. Where a fall of more than Rs 1000 is being seen in the price of gold. On the other hand, the price of silver in the country’s futures market has fallen by about Rs 19 thousand. Due to which the price of silver once again came to the level of Rs 2.32 lakh. However, on Tuesday, there was an increase of up to 9 percent in the price of silver and the price crossed Rs 2.50 lakh. At the same time, a decline of about 4 percent is being seen in the price of copper.
In fact, the minutes of the December policy meetings of the US Fed have come to light. In which there was a lot of conflict among Fed members regarding interest rates. Despite inflation not coming down, the decision to cut interest rates was taken after a lot of struggle. There were also indications that the Fed rate cut will happen only once next year in 2026.
This means that the Fed Reserve can press the pause button on interest rates in the meeting to be held in January. Due to which apart from gold and silver, the prices of copper have come under pressure. On the other hand, peace talks are also going on between America and Ukraine. A positive result may emerge on this also soon. Let us also tell you what the prices of gold and silver have become in India and foreign markets.
fall in gold prices
- Gold price on MCX: A big fall is being seen in the price of gold on the country’s futures market Multi Commodity Exchange. According to the data, gold fell by Rs 1,048 in the trading session and was seen at Rs 1,35,618 per ten grams. Whereas a day earlier the price of gold had closed at Rs 1,36,666 per ten grams.
- Gold became cheaper in America: On the other hand, the price of gold future in the American futures market Comex has fallen by $ 28 per ounce and the price is at $ 4,358.50 per ounce. Although the gold spot price is still positive, pressure is being seen. Prices are up by $5 per ounce at $4,344.78 per ounce.
- What were the prices in Europe and Britain: However, UK and Europe spot gold prices are positive. Where in Europe, gold is trading at 3,701.19 Euros per ounce with an increase of 7 Euros per ounce. Whereas in Britain, a rise of 4.50 pounds per ounce is being seen and the price is 3,226.28 pounds per ounce.
Big fall in silver also
- Silver on MCX of India: There has been a decline of about Rs 19 thousand in the price of silver on the country’s futures market Multi Commodity Exchange during the trading session and the price has come down to Rs 2,32,228 per kg. Whereas a day earlier, a decline of about 9 percent was seen in the price of silver and the price had closed beyond the level of Rs 2.50 lakh.
- Silver also broke in America: At the same time, in the American Comex market, there is a decline of more than 7 percent in the price of silver futures and the price has come down to $ 72.37 per ounce. Silver spot prices are also seeing a decline of more than 5 percent and the price is seen at $ 72.38 per ounce.
- Condition of silver in Britain and Europe: Silver prices are seen falling in the spot markets of Britain and Europe. If we look at the data, the price of silver has decreased by 5 percent in both the markets. Due to which silver is at $ 61.72 per ounce in Europe and $ 53.82 per ounce in Britain.
Copper also crashed from America to India
On the other hand, copper crash is being seen from America to India also. In the Comex market of New York, the price of copper future has fallen by $ 6.75 to $ 571.40. This is a big fall in copper in the international market. On the other hand, the price of copper on the country’s futures market Multi Commodity Exchange saw a decline of about 6 percent during the trading session and the price came down to Rs 1,261 per kg. Whereas a day ago, a rise was seen in the price of copper and the price closed at Rs 1,337.35. In the current year, the price of copper has seen an increase of more than 65 percent.