Gold and silver prices are witnessing a steady decline. In the last 5 days alone, gold became cheaper by about Rs 450. Gold fell 0.26 percent on the Multi Commodity Exchange on Friday, August 06. Gold fell 0.16 percent to Rs 47,926 per 10 grams on this day last Monday. Gold on the same MCX has been sluggish all week and was doing business within a radius. The price of gold has come to a close of 47,500. Speaking of this whole week, gold has become cheaper by more than Rs 400. At the same time, silver has also been inactive.
Gold drops By Rs 450 in 5 days:-
Gold fell 0.26 percent to Rs 47,480 per 10 grams on Monday. That is, in just 5 days, gold prices fell by Rs 450. Tell you that the multi-commodity exchange closes on Saturday, the last day of the week. Silver lost 0.3 percent to Rs 67,865 per kg last Monday, to Rs 66,720 yesterday. According to this, silver has become cheaper by more than Rs 1,100 in just 5 days.
Will gold be expensive?
Talking about experts, there is talk of an increase in the prices of gold and silver in the near future. So this is the greatest time for you if you also want to buy gold. Gold prices will double within the next 3 to 5 years. Gold prices are also being speculated to rise in the international market.