In today's business, both gold and silver are doing business with a dearth of precious jewellery. Those waiting for gold prices to come down should also know that it is trading around Rs 8000 cheaper than its highs. In August last year, gold touched a price of more than Rs 55,000 per 10 grams in August and this was the highest level of gold ever. Although today gold is trading a little above Rs 48,000, but its price is 8 thousand rupees cheaper than the all-time high.
What is the price of gold and silver today:-
If you look at the prices of gold on the Multi Commodity Exchange, it is trading at Rs 48277 per 10 grams with a decrease of Rs 45 or 0.02 percent. At the same time, there is a decrease in silver today. On MCX, silver is trading at Rs 61533 per kg with a decrease of Rs 49 or 0.08 per cent.
How is the trade of gold and silver in the global markets:-
From today morning, the trend of reduction in gold and silver is being seen in the global markets. The rise of US markets in global markets is affecting the sentiments of gold and silver today. In fact, the dollar is rising on expectations of the US Federal Reserve keeping interest rates on a bullish trend and its effect is being seen in the form of reduction in gold and silver.