Gold / Silver Price Today: The June futures gold price (Gold Price) is trading down by 0.15 per cent on Multi Commodity Exchange (MCX). At the same time, the price of May silver (Silver Price) has broken down by 0.44 percent.
Gold has become cheaper
Gold and silver (Gold / Silver Price) prices showed weakness in the country on Monday due to sluggish signals from the global market. June futures gold price (Gold Price) traded down by 0.15 percent on Multi Commodity Exchange (MCX). Has been doing. At the same time, the price of May silver (Silver Price0 is down 0.44 percent. The dollar has strengthened against the rupee and the US Treasury Yields has increasingly put pressure on gold.
Gold Price: On the Multi Commodity Exchange, June futures gold is trading down by Rs 68 to trade at Rs 45,350 per 10 grams. In the first three months of 2021, the price of gold is broken by about Rs 5,000 per 10 grams.
Silver Price: On Monday, May futures silver fell by Rs 289 to Rs 64,800 per kg on MCX. Please tell that on Thursday, the price of gold in the bullion market was increased by Rs 881 to Rs 44,701 per 10 grams. At the same time, the price of silver rose by Rs 1,071 to Rs 63,256 per kg.
There was a huge surge in gold imports in March
In March 2021, gold imports jumped 471 percent over the previous year. Total imports stood at 160 tonnes. In March 2021, India imported gold worth a total of $ 8.4 billion. In March last year, it was just $ 1.23 billion. In terms of value, it has risen by 580 per cent. This is the highest jump on monthly basis in the last decade (the highest since 2012-13).
In the financial year 202-21, gold was imported for a total of $ 34.5 billion, of which only $ 27.7 billion was imported between October and March.
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