Gold Price Today: Today once again a huge fall in the prices of gold and silver has been seen in the Indian market. The prices of both gold and silver seem to be falling straight from the sky to the ground. Gold has become cheaper by thousands of rupees in just one day, while silver has fallen so much that it has created panic in the market. Globally, precious metal prices have remained weak for the third consecutive week. The strong US dollar and the tough stance of the Federal Reserve have accelerated this decline.
Due to international reasons, investors have booked huge profits and sold in the domestic market also. First of all let’s talk about gold. According to the data of All India Bullion Association, a huge fall of Rs 2,840 per 10 grams has been recorded in the price of 24 carat gold. After this, gold reached Rs 1 lakh 50 thousand 600 per 10 grams. At the same time, on Multi Commodity Exchange i.e. MCX, a fall of Rs 3,392 was seen in the future price of gold and the price came down to Rs 1 lakh 45 thousand 917 per 10 grams. After all, what happened suddenly that the metals which are considered to be the safest investments have become a cause of concern for investors?
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