The price of gold and silver continues to fall. The wedding season is coming but gold and silver are not seeing a boom. Yes, gold on the Multi Commodity Exchange (MCX) has become cheaper by Rs 48 today i.e. on Tuesday. With this fall, the gold price has come down to Rs 51,485 this morning. However, the price of silver registered a marginal rise of Rs 5 today. Let us also tell you all that at this time silver is trading at 66,300.
Yes, at the same time, if you know, in the second week of March, gold reached Rs 55,600 per 10 grams and according to this, gold is getting cheaper by Rs 4,115 from a record high of one month. Yes, and at the same time, the price of gold in the global market is also showing a decline. At the same time, in the bullion market, 22-carat gold fell and was seen trading at Rs 48,189. With this, the price of 24-carat gold opened at Rs 52,570. Yes and apart from this, the average price of 20-carat gold was Rs 43,808. Yes, and with this, the price of 18 carats has reached Rs 39,428 and the rate of 14-carat gold has been reduced to just Rs 30,666.
In such a situation, if you are also planning to buy gold and silver, then this time is the best time for you. In fact, the decline in precious metals continues and the global market is witnessing a continuous decline due to the Russia-Ukraine war. However, amidst all this, the market condition is slowly improving. Let me tell you all that the price of gold jewellery varies across the country because it also has a share of excise duty, state taxes and making charges. In such a situation, you can take the help of the Indian Bullion and Jewellers Association (IBJA) to check the price of gold in your city. Yes and for this, you just have to give a missed call to the 8955664433 number. A message about the new gold rate will appear on your mobile number.
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