Gold Silver Price Today: If you are thinking of buying gold and silver then this is a golden opportunity for you. After reaching a record high, the prices of gold and silver are now continuously falling.
Gold Silver Latest Price: If you are thinking of buying gold then good time has started for you. There has been a huge fall in the price of gold in the last one week. Along with this, the prices of silver have also decreased. In the domestic market, the price of gold on MCX has decreased by Rs 1100 and that of silver by Rs 1500. With this, gold has reached Rs 60,200 per ten grams. At the same time, the price of silver has reached Rs 75500 per kg.
Reasons for falling prices
According to the experts of the bullion business, till a week ago, the prices of both gold and silver (Gold Silver Price Today) had reached a record high. But the global economic recession, inflation and dollar index had an impact on the demand for both of them. Due to which the prices of both gold and silver have come down due to decrease in demand. This phase of reduction in prices is temporary and soon their prices will be seen rising again. In such a situation, for those who were thinking of buying gold and silver, this is a golden opportunity.
Impact of international market
Bullion traders say that there has been a big fall in the gold prices (Gold Silver Price Today) in the international market. Because of which the domestic market has also been affected. In the international market, the price of gold has fallen by $ 50 and it is trading below $ 2010 per ounce. At the same time, the price of silver has also fallen by 2 percent and it is being bought and sold at $ 25.35 per ounce.
Will gold prices fall further?
At the same time, many experts are saying that the gold price (Gold Silver Price Today) can be further reduced. According to a Reuters report, the Federal Reserve Bank of America may again increase the interest rate by 25 basis points by meeting in May. This would mean that the borrowers there would have to pay a higher interest rate, due to which the purchasing power of the people would decrease and they would not be able to buy more luxury items like gold and silver.
