Gold-Silver Rate Today: Huge fall in the prices of gold and silver, know what is the price of gold and silver in your city.

Gold-Silver Rate Today In India: According to the bullion market, the price of gold in the international markets has fallen drastically today and has reached its lowest level in two months. This situation has arisen mainly due to the recent attack by America on Iran due to which there is a lot of panic in the market. Due to this geopolitical tension, the dollar has strengthened and the price of crude oil has also seen a big jump of about 4 percent. Continuously rising inflation and uncertainty about the interest rate outlook have once again heightened investors’ concerns.

This huge upheaval in the global market is having a direct and clear impact on the trading activities of the Indian bullion markets today. This morning trading session on MCX in India has been closed due to the festival of Bakrid, but the spot market is sluggish. Investors are now increasingly turning their attention towards the US dollar for safe investments rather than riskier options. This is the reason why there is a big relief in gold prices today in major Indian cities as per Good Returns data.

gold price

According to Good Returns, 24 carat gold has fallen sharply by Rs 2,230 and has now reached the level of Rs 1,56,060. Similarly, the price of 22 carat gold has also fallen by Rs 2,050 and now it is being sold at the price of Rs 1,43,050. Apart from this, 18 carat gold is also trading at a lower rate of Rs 1,17,040 in the market, registering a decline of Rs 1,680.

price of silver

Like gold, the price of silver has also fallen drastically by Rs 10,000 and has become Rs 2,75,000 per kg. In the bullion market of the national capital Delhi on Wednesday, the price of gold of 99.9 percent purity fell by Rs 1,100 to Rs 1,61,300 per 10 grams. Silver, which closed at Rs 2,73,000 in the last session, fell by Rs 3,300 to Rs 2,69,700 per kg in Delhi today.

Spot gold is trading today at a very low level of $ 4,406.81 per ons with a huge fall of 1.1 percent. This is the lowest level since March 27, according to market experts, and US futures for June delivery also fell 0.9% to $4,404.90. Along with gold, there has also been a big fall of 1.6% in spot silver, due to which its price at the global level has come down to $ 73.44 per ounce.

Also read: Share market suddenly stopped amid turmoil in Sensex-Nifty, due to this the market will remain closed

expert opinion

This heavy pressure on precious metals is due to the uncertainty of US-Iran talks. As a result, due to the increasing demand for dollars as a safe investment, investors have currently adopted a cautious stance on purchasing gold. Experts believe that until this geopolitical tension in the global market does not subside, this fluctuation in prices may continue.