- Gold and silver prices are falling in both domestic and global markets
- How much the price has come down after the festival, MCX said
- How much has the futures price of gold decreased?
Gold Silver Price: Diwali is over recently. There is a lot of buying of gold and silver during Diwali. gold price No matter how much it rises, people are seen buying gold. But now today gold and silver prices have once again come under pressure. After the festive period boom, these metals are now back under pressure. On Thursday, November 12, gold prices fell to around ₹1.39 lakh per 10 grams on the Multi-Commodity Exchange (MCX). During this period, the price of silver also decreased.
On the morning of November 12, on the Multi-Commodity Exchange (MCX). gold price It fell by ₹930 to ₹1,38,730 per 10 grams. Earlier, gold opened at ₹1,39,282 on MCX. This means, gold started the trade lower than the previous closing price of ₹1,39,716 per 10 grams. The MCX gold futures for December 4 is currently trading at ₹1,38,742 per 10 grams, which is roughly ₹1,000 lower than the previous close.
Todays Gold-Silver Price: What are the gold prices on the auspicious occasion of Diwali? Find out in one click
Big fall in silver price too
On November 12, along with gold, silver prices on the MCX also witnessed a sharp decline. At 10:22 am, silver futures were trading at Rs 1,82,336 per kg, down by Rs 2,115. Silver also started trading today with a sharp decline, opening at Rs 1,82,599. Its previous closing price was Rs 1,84,525, and it has fallen by around Rs 2,200 to the current price.
Fall in global markets
Gold prices are not only falling in the Indian market, but also under pressure in the global market. US gold futures for December delivery fell 0.3% to $3,987.50 an ounce. The pressure comes as the dollar hits a 19-month high.
Global spot prices fell 0.2% to trade at $3,979.09 an ounce. Gold is currently trading nearly 30 percent below its record high, while silver is down more than 60 percent. At one point, the price of silver had gone above Rs 4,20,000 per kg.
Todays Gold-Silver Price: What are the gold prices on the auspicious occasion of Dhantrayodashi? Did prices rise or fall? find out