Gold and silver prices fell drastically, silver became cheaper by Rs 32,000 in a week, gold also fell

Gold Silver Price Crash: Gold and silver prices have been falling for the last several days. This decline is being seen in those days when there is a situation of global tension. That is, it is usually seen that during global tension or disaster, the prices of gold and silver suddenly increase, but these days the prices have decreased even amidst the Middle East war. Which surprised everyone. Know what is the price of gold and silver?

If we talk about the prices of gold and silver for a week, a huge decline has been recorded. There has been a decrease of about Rs 32,000 in silver and a decrease of about Rs 13,000 in gold. That means this is a huge decline in a week. Silver prices, which are continuously crashing, have gone down significantly from their high levels. Currently, silver has decreased by about Rs 1,92,000 from the all-time high.

32 thousand rupees broken silver

On the Multi Commodity Exchange (MCX), the price of silver with expiry of May 5 was around Rs 2,59,435, which fell to Rs 2,23,305 on the last trading day of the week on Friday, but closed at around Rs 2,27,470 during closing. That means a decline of about Rs 32 thousand was recorded in a week.

Gold fell by Rs 13,000 in a week

If we talk about gold, then gold has also fallen significantly in the last one week. While gold was around Rs 1,58,466 on Monday, it closed at around Rs 1,44,825 on Friday. That means it has slipped by about Rs 13,641 in a single week. If we talk about the high level of gold, then it had gone up to Rs 1,93,096. At present gold is cheaper by about 49 thousand rupees than all time high.

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Why did gold and silver become cheaper?

If we talk about the fall in the prices of gold and silver, then the US Fed has kept the interest rates stable, due to which the pressure on gold and silver increased. Apart from this, due to tension on the Strait of Hormuz, the rise in crude oil has created concern among the people. The strength of the dollar is also a big reason. This is the reason why even amidst global tension, there was a decline in the prices of gold and silver.