Gold-Silver Rate Today: Gold became cheaper today, silver also declined on MCX, check latest rates.

Gold-Silver Rate Today In India: There was a big fall in the prices of gold and silver in the Indian bullion market on Tuesday. As soon as trading started on MCX this morning, the prices of both the precious metals came down significantly. This decline is a direct result of changes in the international market, strong dollar index and global geopolitical tensions.

This unexpected softening of precious metals has come despite the increasing tension and fresh attacks between America and Iran. On the other hand, in the important Quad meeting held in New Delhi, the Hormuz crisis and the situation in the Middle East were discussed very seriously, the impact of which is also visible on the global market.

Latest price of gold and silver on MCX today

This morning MCX Gold Futures were trading at Rs 1,58,699 per 10 grams with a huge fall of 0.24 percent. On the other hand, after falling by 1.22 percent, MCX silver rate has come down to the level of Rs 2,73,349 per kg. In the international markets also, the rate of silver has reached the level of $ 76.66 per ounce after a huge fall of 1.8 percent. Whereas the spot gold rate was trading at $ 4537.54 per ounce with a decline of 0.7 percent.

Impact of America Iran tension

Crude oil prices were soft on Monday but Brent crude rose 1 percent to $98 per barrel after the US launched a fresh attack on Iran. At present, the eyes of the entire world are fixed on the Iran-America peace agreement. Due to the current global situation, inflation is increasing very rapidly all over the world and India is also not untouched by it. If crude oil does not soon return to pre-war levels, countries around the world will be in the grip of severe inflation.

Also read: Share Market Updates: Share market fell today, Sensex fell by 200 points, Nifty also below 24000.

Important discussion in Quad meeting

A very important meeting of Quad countries has been organized in New Delhi under the chairmanship of External Affairs Minister S Jaishankar. In this meeting, foreign ministers of other countries including US Secretary of State Marco Rubio presented their views on the Hormuz crisis.

According to experts, at present gold is showing strong support around Rs 1,57,500. At the same time, it is showing resistance around Rs 1,60,000 and if it goes above this, the rate can go up to Rs 1,63,000.