Gold and Silver Price Fall today: Gold Silver Price Gold became cheaper; Gold and silver prices fall in commodity markets – gold and silver prices fall today
- Gold fell by Rs 200 and silver by Rs 500 on Thursday.
- Gold had lost Rs 48,880 in the morning trade.
- The lure of gold and silver among investors is waning.
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At present, gold is trading at Rs 480,902 on the Multi Commodity Exchange. It fell by Rs 222. The price of one kg of silver has gone up to Rs 71325. It has fallen by Rs 559. Gold had touched Rs 48,880 in the morning trade.
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According to the Goodreturns website, the price of 22 carat gold in Mumbai today is Rs 47,680. In Mumbai, the price of 24 carat has gone up to Rs 48,680. The price of 22 carat gold in Delhi today is Rs 48040. Gold for 24 carats is trading at Rs 52,420. Today, the price of 22 carat gold in Chennai is Rs 46,300 and 24 carat gold is Rs 50,500. In Kolkata, the price of 22 carat gold today is Rs 48,220 and 24 carat gold is Rs 50,920.
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The market is keeping a close eye on US consumer price data released on Thursday. This is because it will give an indication of inflation in the world’s largest economy. Concerns over rising inflation following the recovery in the US economy are likely to lead to a tightening of monetary policy by the US Federal Reserve. So the dollar got more support. Spot gold, meanwhile, is trading at ३ 1893.78 an ounce. US gold is priced at ६ 1896.60
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