Talking about the futures prices of silver, its prices on MCX seems to be trading with a fall of 89 rupees in Tuesday’s trading session.
Gold Price Today
On one hand, the havoc of Corona continues to increase, while the price of gold is also showing a gradual rise in price. Despite this, the price of gold is still about 9000 rupees cheaper than its record high. On Tuesday, gold futures prices on Multi-Commodity Exchange (10.25 am) declined by Rs 42 to trade at around Rs 47,400 per ten gram.
Talking about the futures prices of silver, its prices on MCX seem to be trading with a fall of 89 rupees in Tuesday’s trading session. The price of one kilogram of silver remains at Rs 68526, with a fall of 89 rupees.
Bullion market also declines
Talking about the prices of bullion market, gold fell by Rs 81 to close at Rs 46,976 per ten gram on Monday. On the other hand, silver prices had registered a steep fall of Rs 984 on Monday and it was Rs 67,987 per kg.
Gold has become expensive by 4 thousand rupees so far
This month, the price of gold in the Indian market has increased by more than 4 thousand rupees. Gold is supported by the recovery in the global market. Earlier this month, gold rose sharply to near the 44,000 level in US bond yields, shocking the sep-haven asset. But weakness in US bond yields coupled with softening of the US dollar led to a rise in gold prices in international markets.
9000 rupees cheaper than record highs
Even though the price of gold has seen a slight upward trend, it is still about Rs 9000 less than its record high. Actually, the first web of Corona set a new record in gold prices. In August last year, gold prices went up to 56000 levels, which has now come down from 47 to 48000 rupees per ten grams.
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