Due to the volatility in the global market, there was a fall in the prices of gold and silver in the Indian market today. Let us tell you that the rate of gold has fallen below 51 thousand today. In fact, on the Multicommodity Exchange (MCX) at 9:10 am, the futures price of 24-carat purity fell by Rs 47 to Rs 50,906 per 10 grams. However, before this, the price of gold opened at Rs 50,906 and remained stable. Let us tell you that gold is currently selling cheaper than its record level by about Rs 4,700 per 10 grams. If you all remember, the price of gold had reached its record level during the Corona epidemic. In the year 2020, there was a tremendous fall in the stock market and due to this the demand for gold had increased and its rate reached around Rs 55,700 per 10 grams.
Big fall in silver- On MCX today, i.e. on Thursday, there was a big fall in the futures price of silver and the prices came down below 67 thousand. Let us tell you that at 9:10 am, the futures price of silver fell by Rs 537 to Rs 66,869 per kg. Yes and now silver is also selling cheaper by about 6 thousand rupees from its record level. Although there was a jump in the prices of gold and silver a day ago, but today there is a decline again.
Decrease in the price of gold in the global market: There has been a fall in the prices of gold in the global market too. In fact, the spot price of gold here reached $1,926.95 an ounce, while the prices of silver also declined by 1.39 per cent. On the other hand, the spot price of silver in the global market has come down to $24.76 an ounce. In such a situation, experts say that after the end of the war between Russia and Ukraine, the demand for yellow metal will decrease and the prices may go down even further.
At this time it is being estimated that the spot price of gold in the global market can go up to $1,892 an ounce in the next 50 days. At the same time, silver is also estimated to be around $24 an ounce. In such a situation, silver is estimated to be trading at around Rs 66,550 in the Indian market, while gold can be cheaper up to Rs 50,550.
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