On monday, the first trading day of the week, gold prices have once again fallen. Let us tell you all that the price of gold on the Multi Commodity Exchange (MCX) today fell by 0.08 per 10 grams per 10 grams. Silver prices, on the other hand, have risen. In fact, the price of Silver futures on MCX was increased by 0.21 per cent per kg.

Gold rates in international markets were stable today as investors were eyeing the developments of the ongoing Russia-Ukraine war. Let me tell you all that spot gold was flat at $1,921.80 an ounce, trading close to last week's two-week low. You may be aware that gold and silver fell after the US Federal Reserve raised key interest rates by 0.25 percent last week and indicated 6 more rate hikes at the upcoming policy meetings.

The US Federal Reserve chairman also expressed concern about high inflation and low economic growth due to the Russo-Ukraine war, with april futures gold prices falling by Rs 41 to Rs 51.406 per 10 grams on the MCX today. At the same time, the price of May futures silver rose by Rs 140 to Rs 68,016 per kg. The price of gold on the MCX fell by nearly Rs 4,000 from a high of Rs 55,558 per 10 grams.

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