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Gold fell flat on the first day of the month and fell by Rs 3,400 in 40 days.

Sagar Patel

By Sagar Patel

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The first day of July saw gold and silver prices fall. Where the price of gold has dropped to Rs 71,500 per ten grams. On the other hand, silver prices were also quoted at the level of 86 thousand rupees. The special thing is that the price of gold has fallen by more than Rs 3,400 in about 40 days. On the other hand, silver has also become cheaper by Rs 10,000 in about a month. According to experts, there is no new trigger for the rise in gold and silver prices. Due to which fluctuations are being seen in the price of silver. A similar situation can be seen in gold and silver prices in the coming days. Let us also tell you what the price of gold and silver has been in the country’s market.

How much has gold become cheaper?

On July 1, the price of gold on the Multi Commodity Exchange saw a drop of Rs 207 and the price reached Rs 71,375. What is special is that the price of gold has become cheaper by Rs 3,400 per ten grams from its all-time high. According to the data, on May 20, the price of gold had reached an all-time high of Rs 74,777. Currently, at 12:13 p.m., the price of gold has fallen between Rs 33 and Rs 71,615 per ten grams. However, on Monday, gold opened at Rs 71,606 per ten gram. During last month’s trading session, the price of gold was Rs 71,582 per ten grams.

The price of silver also fell

On the other hand, a fall in the price of silver has also been observed. On Monday, the price of silver on the Multi Commodity Exchange fell to Rs 86,709 per kg. Incidentally, silver touched a record high of Rs 96,493 about a month ago. Since then, the price of silver has fallen by Rs 9,784. During the trading session, at 12:25 pm, silver was quoted at Rs 87,135 per kg with a drop of Rs 32. However, on Monday, silver opened at Rs 86,980. On Friday, the price was seen at Rs 87,167.

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condition of foreign markets

Speaking of foreign markets, gold and silver on Comex are trading at $2,335.70 with a drop of about $4. Spot gold prices remain stable at $2,326.23 per ounce. On the other hand, silver futures are trading at $29.42 per unit. On the other hand, during the spot silver is quoted at $29.11 per ounce.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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