Gold-Silver Rate Today: Heavy fall in the price of gold and silver on MCX today, know the new rate of gold and silver.

Gold-Silver Rate Today In India: A huge fall in the prices of gold and silver has been recorded on the Multi Commodity Exchange on Thursday. This change has caused a lot of stir among Indian investors and buyers. Everyone’s eyes are fixed on these continuous ups and downs in the market.

After a fall of Rs 206 in gold prices, it has come down to Rs 1,59,800 per ten grams. At the same time, the price of silver has also fallen by Rs 1,350 to Rs 2,72,915 per kg. This trend of decline can be clearly seen in the international market also.

Condition of gold and silver in international market

Even at the international level, there is huge pressure on the prices of precious metals. Spot gold fell 0.2 percent to $ 4,534.69 an ounce. Spot silver also fell by 0.8 percent to $75.40 an ounce. This decline has occurred due to the decline in US treasury yields and the spectacular rise in stock markets around the world.

Apart from this, the ongoing geopolitical tension between America and Iran is also a big reason. Iran is currently investigating a new peace proposal from America. US President Donald Trump has issued a very strict statement on this entire matter. He has clearly said that if the right answer is not given then the situation can change very rapidly. He also indicated that the window for diplomacy may soon close.

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Bond Yields and Crude Oil Prices

The American 10-year bond yield rose slightly to 4.584 percent on Thursday morning. Along with this, the price of Brent crude has also increased by 0.8 percent to $ 106 per barrel. Both these important factors have created huge pressure on the prices of gold and silver. The US central bank Federal Reserve has given clear and unambiguous indications of strictness in its policy. If inflation remains above the 2 percent target, policies may be tightened further.

Apart from this, the holdings of the world’s largest gold ETF have also decreased. According to research analyst Jatin Trivedi, future gold prices will depend on the US-Iran dispute. Gold prices are expected to remain in the range of Rs 1,57,250 to Rs 1,59,500 in the near term. Due to the weakness of rupee, gold is continuously getting good support in the domestic market.