The Indian market has seen a tremendous fall in gold and silver prices on Friday, this is the 6th consecutive day when the price of gold has fallen. On MCX, gold futures slipped 0.2 percent to Rs 46145 per 10 grams, which was the lowest level in 8 months. While silver fell by 1 percent to Rs 68,479 per kg. In August 2020, gold reached a record level of Rs 56,200. Since then, gold has become cheaper by about Rs 10,000.

On Thursday, gold futures on MCX fell by more than Rs 100 to close at Rs 46126 per 10 grams. In global markets, gold fell nearly 0.4 percent to $ 1,769.03 an ounce. Silver prices: Silver prices also showed a slight decrease on Friday. Silver in the bullion market today came to Rs 68,479 per kg. Silver fell 1.1 percent to $ 26.71 an ounce in global markets. Among other precious metals, platinum slipped 2.4% to $ 1,244.19, while palladium jumped 0.7% to $ 2,334.58.

This year, gold has become cheaper by 10 thousand rupees in the last few months. In the covid crisis, it had reached the level of 55000 rupees. The experts say that gold prices have been declining since the introduction of the Corona vaccine. Economic activity is expected to pick up speed after vaccination. The experts believe that if you want to buy gold and silver, this may be the right time.

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