Gold Silver Rate: Due to global reasons, the prices of silver are falling a lot and gold has also come down from the upper range by stepping up. In this way, the rates of both the precious metals are coming down.
Gold Silver Rate: There is a softening in the prices of gold and silver today and they have come down from their upper levels. Gold is currently trading below Rs 59800-59700. Actually, there is a fall in the prices of silver and gold in the global markets and its effect is being seen on the precious metals in the domestic bullion market.
Gold prices
If we look at the price of gold on the Multi Commodity Exchange, gold of 24 carat purity is seen trading with a slight decline of Rs.33. Today gold is made at the rate of Rs 59731 per 10 grams and today’s highest level was at Rs 59764. Apart from this, the price of gold had dropped to Rs 59,700 on the downside. This price of gold is for its June futures.
Silver price on MCX
Bright metal silver is trading with a strong decline today on the Multi Commodity Exchange. Silver is seeing a decline of Rs 431 per kg today and this is a total decline of 0.57 per cent. Today silver is trading at the rate of Rs 75028 per kg. In silver today, rates of Rs 75280 per kg were seen on the upper side and levels up to Rs 75026 were seen on the lower side. These rates of silver are for its July futures.
Why gold and silver prices are falling in the global market
Before the meeting of the Federal Reserve starting today, the fall in gold and silver is being seen today because the Federal Reserve is likely to increase the interest rates once again in this meeting. If this happens, the dollar will go up and a fall in commodity prices will be seen. For this reason, the rates of gold and silver are coming down in the global market today.
Gold rates on comax
If we look at the price of gold on Comax, today it is trading with a decline of $ 1.50 per ounce and remains at $ 1,990.70 per ounce. It is currently trading in the red zone after falling 0.08 percent and is on the decline.
Silver price on comax
If we look at the price of silver on Comax, at present the rate of silver is down by 0.44 per cent and is trading at $25.120 an ounce.
