Gold Price Today Down: Big fall in gold-silver; Gold falls by Rs 750 – Gold And Silver Price Sharp Fall Today | Maharashtra Times

Gold Price Today Down: Big fall in gold-silver; Gold falls by Rs 750 – Gold And Silver Price Sharp Fall Today | Maharashtra Times

Highlights:

  • Gold price has come down to Rs 48,000. This is the lowest rate in a month.
  • Silver also declined by Rs 1,100 to Rs 70,350.
  • The fall in global gold and silver prices has had repercussions in India

Mumbai: Commodity markets saw a sharp fall in gold and silver on Thursday. On the Multi Commodity Exchange, gold fell by Rs 750. Gold price has come down to Rs 48,000. This is the lowest rate in a month. Silver, on the other hand, declined by Rs 1,100 to Rs 70,350.

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The fall in global gold and silver prices is said to have had repercussions in India. Investors are watching the Federal Reserve meeting. The Federal Reserve has signaled a rise in interest rates. Which has led to an increase in US Treasury yields. As returns increased, investors preferred to invest in bonds. So there has been a big fall in gold.

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At present, gold is trading at Rs 47,777 on the Multi Commodity Exchange (MCX). It has fallen by Rs 729. Silver also declined by Rs 1,017 to Rs 70,377 per kg. Gold and silver prices rose on Wednesday.

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According to the Goodreturns website, the price of 22 carat gold touched Rs 47,400 in Mumbai on Thursday. It fell by Rs 190 as compared to Wednesday. The price of 24 carat in Mumbai is Rs 48,400. The price of 22 carat gold in Delhi today is Rs 47,490. Gold for 24 carats is trading at Rs 51,590. Today, the price of 22 carat gold in Chennai is Rs 45,150 and 24 carat gold is Rs 49,250. It fell by Rs 600. In Kolkata today, 22 carat gold is priced at Rs 47,830 and 24 carat gold is priced at Rs 50,440.

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In global commodity markets, spot gold fell 1.1 per cent to १८ 1839.06. Earlier, gold had declined by १८ 1,833.65 an ounce. The Federal Reserve has promised to raise interest rates soon. Therefore, investors feel that the US economy is recovering from the Corona crisis. This has affected gold and silver.

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