Gold-Silver Rate: Gold and silver prices fell from record levels, silver became cheaper by Rs 2 lakh and gold by Rs 50 thousand.

Gold-Silver Rate Today In India: A huge fall has been recorded in the prices of gold and silver on MCX today. The concern about inflation arising from the new tension between America and Iran is being considered a major reason for this decline. This year, tight monetary policy and expectations of interest rate hike have also increased pressure on precious metals internationally. This geopolitical turmoil has caused panic among investors in stock and commodity markets around the world.

In the early morning trade, gold prices have fallen sharply in the international market due to the enmity between America and Iran. There has been huge panic after US President Donald Trump declared the ceasefire MoU with Iran over. After Trump’s stern warning that America will increase bombing on Iran, gold, which is considered a safe investment, has been heavily affected. Amidst this global crisis, the price of Brent crude oil has also increased by more than 1% to around $ 78 per barrel.

latest gold price

A steep fall of 0.30 per cent was recorded in August gold futures on MCX around 9:15 am on Thursday. After this fall, the price of 10 grams of gold has slipped to a low of Rs 1,43,275, due to which investors are worried. On January 29, gold had reached its historical all-time high of Rs 1,93,096, which was a big record. From then till today, there has been a huge and shocking fall in the prices of gold by about Rs 50,000.

new price of silver

Along with gold, a very weak trend was clearly seen in the prices of silver also on MCX today. September Silver Futures were trading heavily down by 0.76 per cent at Rs 2,21,749 per kg. The all-time high price of silver on MCX was once recorded at an all-time high of Rs 4,20,048 per kg. From its historical high level, silver prices have fallen drastically by about Rs 2 lakh till now.

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Experts’ opinion and advice

Experienced experts in the commodity market clearly believe that investing in gold and silver is always subject to significant market risks. It is a clear advice from experts that before making any kind of investment, investors should talk to their experts. Prices of non-interest bearing assets like gold always fall as monetary policy tightens and interest rates rise. Investors should be extremely cautious in the market amid the latest Iran-US tensions and rising crude oil prices.