Gold-Silver Rate Today: Gold and silver prices continue to fall, know today’s latest price.

Gold-Silver Rate Today In India: Today once again a huge fall in the prices of gold and silver has been seen in the Indian 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.

The uncertainty over the implementation of the US-Iran peace agreement has also had a deep impact on the bullion market. The sudden postponement of high-level talks to be held in Switzerland has caused huge disappointment among investors. Due to this, the confidence of investors has been shaken and the demand for safe currency like dollar has increased rapidly. All these major geopolitical events have completely dulled the shine of both the precious metals gold and silver.

Heavy fall in gold prices

According to All India Bullion Association, the price of 24 carat gold has fallen by Rs 2,840 to Rs 1,50,600 per 10 grams. Gold futures prices on Multi Commodity Exchange also fell by Rs 3,392 to Rs 1,45,917 per 10 grams. In the international market too, the price of spot gold has fallen by $ 60.70 to reach $ 4148.45 per ounce. Due to this, investors have directly faced huge losses in both domestic and global markets.

Silver prices also fell flat

Along with gold, there has been a huge fall in the prices of 1 kg silver today, which has caused a big shock to the common investors. According to All India Bullion Association, silver fell by Rs 8,040 to a very low level of Rs 2,40,700 per kg. A huge decline of Rs 8,766 in the July futures contract of silver on MCX was also recorded prominently this morning. After the fall, it came down to Rs 2,28,806 per kg, causing huge panic in the market.

Disappointment over postponement of Switzerland talks

The hopes that were raised regarding the US-Iran peace agreement have been reduced due to the cancellation of high-level talks in Switzerland. The Swiss Foreign Ministry said that talks to discuss the next phase of the agreement have been postponed for the time being. Due to these developments, investors are not at all confident that the peace process will be implemented easily. The strong dollar and this uncertainty have put immense pressure on precious metals prices.

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Expert opinion and market sentiment

Experts say that the bullion market is under heavy pressure because investors have given more priority to dollar investment. According to HDFC Securities, the dollar index has reached a new one-year high which has had a negative impact. Due to gold price falling for the third consecutive week, it has been advised to invest very carefully in the future also. This situation has also been created by the possibility of America’s key interest rates remaining high for a long time.