Gold-Silver Rate: Gold and silver prices fall during the wedding season, gold becomes cheaper by Rs 1000, silver also slips

Gold-Silver Price Today 24 Feb: There is good news from the bullion market for those buying jewelery during the wedding and festival season. There has been a huge fall in the prices of gold and silver on Tuesday, the price of gold has become cheaper by Rs 1000. At the same time, the prices of silver have decreased by Rs 1400. Due to which the buyers have got some relief.

On the Multi Commodity Exchange (MCX), gold with expiry of April 2, 2026 is trading today at ₹ 1,60,394 per 10 grams, down by ₹ 1,204 or 0.75%. At the same time, silver with expiry of March 5, 2026 has slipped by ₹ 1,416 or 0.53% to ₹ 2,63,917 per kg. According to experts, this decline can also be seen as an opportunity for buyers.

Demand for gold increased during wedding season

In India, gold is not only considered a source of jewelery but also a reliable medium of investment. Finance Minister Nirmala Sitharaman said that the demand for gold increases due to wedding and festival season in the country, which is a seasonal trend. He also assured that the government and the Reserve Bank (RBI) are constantly monitoring the imports and prices of gold and silver and the situation is not worrisome at present.

The recent rise in gold and silver prices is not just due to domestic demand. Minister Nirmala Sitharaman said global instability, such as US-Iran tensions and US tariff threats, are making investors cautious. When there are fluctuations in the stock market or currency market, people turn to gold for safe investment, leading to a rise in prices.

Reason for increase in gold and silver prices

He also clarified that at the global level, central banks (Central Banks) is also a major reason for the increase in gold and silver prices. Earlier, gold prices mainly depended on the demand from India and China, but now global buying has changed the market mathematics. Central banks are buying huge quantities of gold and silver for security and reserves, which is directly impacting the international market.

Also read: Share Market Crash: Indian stock market crashed today, Sensex fell at 83052 and Nifty at 25641.

Thus, gold and silver prices continue to fluctuate due to ongoing volatility and demand in both domestic and international markets, but the current fall is proving to be a saving grace for buyers.