Gold and Silver Price Fall Today – Gold-Silver Fall; Find out how much gold has become cheaper today! | Maharashtra Times

Gold and Silver Price Fall Today – Gold-Silver Fall; Find out how much gold has become cheaper today! | Maharashtra Times

Highlights:

  • Gold and silver prices showed gains today.
  • Today, gold fell by Rs 49,284 on the Multi Commodity Exchange.
  • US economic data will be released in a week.

Mumbai: Gold and silver prices rose sharply for the third straight session today. Gold fell by Rs 300 and silver by Rs 680 on Thursday.

Today, gold fell by Rs 49,284 on the Multi Commodity Exchange. It fell by Rs 317. Earlier, gold had touched a low of Rs 49,245. The price of one kg of silver has gone up to Rs 71,995. It has fallen by Rs 683. On Wednesday, gold rose by Rs 190 and silver by Rs 120 on the Multi Commodity Exchange. Silver had touched Rs 73,100 on Tuesday.

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According to the Goodreturns website, the price of 22 carat gold in Mumbai touched Rs 48,240 on Thursday. In Mumbai, the price of 24 carat has gone up to Rs 49,240. The price of 22 carat gold in Delhi today is Rs 47,100. The price of 24 carat gold has gone up to Rs 51,350. Today, the price of 22 carat gold in Chennai is Rs 46,550 and 24 carat gold is Rs 50,790. In Kolkata, 22 carat gold is priced at Rs 47,100 and 24 carat gold is priced at Rs 51,350.

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At the same time, gold fell 0.3 per cent to २ 1,902.05 an ounce. On January 8, 2021, the price of gold had risen to a high of १६ 1916.40 per ounce. Silver also fell 0.1 per cent to २७ 27.88 an ounce.

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Gold became more attractive to other currencies as US economic data was due to be released a week later. The US currency also continued to depreciate. As a result, gold prices fell. Unemployment claims in the United States, the world’s largest economy, and perom data are closely watched by the market. Gold is considered to be the key to inflation. Gold peaked in the opening session. The US Consumer Price Index rose in April 2021. The U.S. economy also began to signal signs of potential inflation.

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