‘A terrible earthquake in the prices of gold and silver!’ Silver increased by more than Rs 5000, gold also became cheaper

New Delhi: A very big and relief news has come out for those buying gold and silver from the Indian bullion market today. A sudden tremendous decline has been recorded in the precious metals market today, due to which the faces of the customers have blossomed. During trading on Multi Commodity Exchange (MCX) today, the price of silver has seen a huge fall of more than Rs 5,000, while gold has also become cheaper by more than Rs 1,600.

Why did the prices of gold and silver suddenly fall?

According to international market and commodity experts, these days the increasing tension and crisis in West Asia (Middle East) is becoming a major reason for the rise in crude oil prices. Due to this turmoil, once again a serious threat of increase in inflation has arisen across the world, the direct impact of which is clearly visible today on the global market as well as the movement of precious metals. However, amidst all this, due to customer demand in some selected areas of the local bullion market, there has been a slight reversal in the price of gold.