Gold Silver Price Today: Gold and silver prices fell, silver cost Rs 2 lakh 35 thousand per kg, know the condition of gold?

Gold Silver Price Today: Gold and silver prices in India are skyrocketing these days. There is competition among buyers, and investors are continuously investing. Amidst all this, a recession was seen in the bullion market today. Both gold and silver prices fell. During trading, gold prices touched a low of ₹1,54,125 per 10 grams. Before this, prices were continuously increasing. Gold prices also weakened in the international market.

Spot gold fell by about 1.1 percent to $1,988.04 an ounce. Meanwhile, US gold futures for April delivery were down 0.8 per cent at $1,006.60 an ounce. In Delhi, the price of 24 carat gold increased to ₹1,57,890 per 10 grams and the rate of 22 carat gold increased to ₹1,44,740 per 10 grams. In Mumbai, the price of 24 carat gold increased to ₹ 1,57,740 per 10 grams and the price of 22 carat gold increased to ₹ 1,44,590 per 10 grams.

Support for bullion from central banks and weak dollar

Analysts say that purchases by central banks, sharp fall in technology and AI-related stocks in the global market, increase in safe-haven demand and weak dollar index have so far supported bullion prices. The gains in gold and silver were limited due to fluctuations in physical demand from India and China, profit taking by ETF investors and strong US macroeconomic data.

Silver fell to ₹2,35,208 per kg

The fall in silver was even sharper. The price of silver on MCX fell by about 4% to ₹ 2,35,208 per kg. Earlier, silver was trading at a high level, but due to sudden selling the price came down. A big fall in silver prices was also seen in Delhi Bullion Market.

According to analysts, investors are waiting for signals on the Federal Reserve policy and the direction of the global economy, so gold and silver prices may remain in a small range in the coming time.

Today’s price of gold and silver: fall in silver

Silver contracts on Multi Commodity Exchange fell by ₹ 5,532 this week, which is a decline of 2.2 percent. In contrast, a slight increase was seen in gold futures during the same period, which increased by ₹ 444 or 0.3 percent.

Bullish view remains on gold and silver

Experts believe that gold and silver may rise further. The price of gold can reach $6,000 per ounce. Furthermore, silver prices are expected to reach $250-300 per ounce within three years. Even before this, many market experts have predicted a big increase in the prices of gold and silver in the coming days.

Know the price of gold and silver

On Friday, the price of gold on MCX closed at Rs 1,56,200 per ten grams and the price of silver closed at Rs 2,44,999 per kilogram. There has been a lot of price fluctuation in the last one week. Similarly, on COMEX the rate of gold closed at $5,063.80 per ounce and the price of silver closed at $77.270 per ounce. Since the opening of the international market, a significant decline has been seen in the price of gold.