Gold and silver are getting to see a decline in prices. Gold and silver prices have gained very high in the past. Now, the prices are slowly decreasing. Gold futures fell 0.38 per cent, or Rs 193, to Rs 51,160 per ten grams in MCX today.
Gold and silver, it declined by 0.77 per cent to 67,970 per kg. The fall in the price of gold and silver in MCX has come before the European Central Bank announced monetary policy. It is said that the strong rupee has also led to a fall in the price of gold and silver. In view of the decline, analysts say the pressure on gold and silver is yet to continue.
In Ahmedabad, spot gold was priced at Rs 50,967 per ten grams in Ahmedabad last Wednesday, and gold futures were Rs 51,150 per ten grams. In addition, gold climbed 122 rupees, to 51,989 rupees per ten grams in Delhi NCR last Tuesday, and silver rose 340 rupees, to 69,665 rupees per ten grams. Spot gold in the international market has reached $1929.30 per ounce and gold fell 0.3 per cent to $1936.80 an ounce.
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