Friday witnessed a fall in gold and silver prices in the country. Gold has fallen below Rs 72,000 on the Multi Commodity Exchange. At the same time, silver price has declined by Rs 85,000. In fact, the impact of the fall in gold and silver prices in overseas markets is being seen on the Multi Commodity Exchange of India.
In fact, a slight improvement is being seen in the dollar index. Therefore, the price of gold is falling on the Comex market in New York. According to experts, until the US data is released and the Federal Reserve announces interest rates, a similar trend can be observed in gold prices. Let us also tell you what are the prices of gold and silver today?
gold price drop
The Multi Commodity Exchange is witnessing a fall in the price of gold. According to the data, at 10.30 am, the price of gold had fallen by Rs 293 and was below the level of Rs 72,000 i.e. Rs 71,895 per ten grams. During the trading session, a fall of Rs 332 was seen in the price of gold and the price touched the lowest level of the day of Rs 71,856. However, this morning the gold prices opened with a fall of Rs 71,900. While a day earlier the price of gold had closed at Rs 72,188.
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Silver also became cheaper
On the other hand, there is a significant drop in silver prices on the Commodity Exchange and the price has fallen below Rs 85 thousand per kg. According to the data, silver is trading at Rs 84,330 with a drop of Rs 542 at 10:30 am. However, during the trading session, a drop of Rs 622 was seen in the price of silver and the price touched the lowest level of the day at Rs 84,250. However, today silver opened with a drop of Rs 84,528.
Falling prices in foreign markets
In terms of foreign markets, gold prices are falling on the Comex market in New York. According to the data, the gold futures price is quoted at $2,546.90 per ounce, down $13.40 per ounce. On the other hand, spot gold prices are quoted at $2,513.88 per ounce, down $7.52 per ounce.
On the other hand, there is a significant slowdown in the price of silver on the COMEX market. According to the data, silver futures have dropped by 0.68 percent to $29.79 per unit. Meanwhile, the spot silver price is trading at $29.37 per unit, down by 0.18 percent.
