Gold and silver prices have fallen
strongly in the last two days. On the Multi Commodity Exchange, gold is trading
at Rs 50,441 per 10 grams and silver at Rs 61,972 per kg. At the same time, the
price of gold is continuously falling in global markets. In the US, gold
futures are trading below $ 1900 an ounce.
In the Indian market, gold has come
down by about Rs 4,500 and silver by about Rs 14,000 per kg in the last two
days. This will provide relief to investors waiting to invest in gold and
silver. On Wednesday, gold fell by Rs 1390 to trade at Rs 50539 per 10 gram in
October futures. At the same time, silver is trading at Rs 65885 per kg in
September futures.
The news of the corona vaccine showed
the effect of the corona epidemic and the US-Sino-Iran tension, the price of
gold was continuously increasing. Experts say that after the announcement of
the Corona vaccine by Russia, there has been a relief from the record increase of
gold and silver. Gold futures on the Multi Commodity Exchange fell by 3% to Rs
50,441 per 10 grams. On the other hand, silver futures declined by 5 per cent.
Explain that last week gold in India was trading at Rs 56,000 per 10 grams
while silver was trading at Rs 78,000 per kg.
Prices fell in the global market.
Even in the global market, the price of gold has also fallen. In the US, the
price of gold is trading down by about 2.1 per cent to $ 1872.61 an ounce. While
gold prices in futures are below $ 1900 an ounce. At the same time, silver is
trading at $ 24.2 an ounce, with a strong fall of about 7%.
In fact, Russia's President Putin
announced the first vaccine of Corona, after which the prices of gold and
silver fell in the market. After this news, investors are avoiding investing in
gold ETFs.
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