Gold-Silver Rate: As soon as the market opened, gold and silver prices fell, gold came at 141471 and silver at 222266, know the latest prices.

Gold-Silver Rate Today In India: There was a huge fall in the prices of gold and silver in the domestic futures market on Wednesday morning, which surprised everyone. As soon as the market opened on MCX, a big fall of 0.55 percent was seen in the prices of gold. Due to this, the price of 10 grams of gold has dropped significantly to a low of Rs 1,41,471. This is a very important and big news for the customers investing in the market.

Along with the prices of gold, a big decline of 0.41 percent has also been seen in the prices of silver in the market today. On MCX, silver is slipping and is trading at the level of Rs 2,22,266 per kg. This huge decline is a direct effect of the sudden change in the latest US inflation figures. There is currently a lot of geopolitical instability in the international and domestic markets which is impacting the prices.

latest gold price

A huge fall of 0.55% was recorded in gold prices as the market opened on Multi Commodity Exchange (MCX) on Wednesday morning. After this fall, the price of 10 grams of gold has come down to Rs 1,41,471. Generally, gold prices rise when the dollar weakens, but this time the reverse has happened due to geopolitical tension. Investors have been quite surprised by this sudden change due to the mixed effect of rising crude oil prices.

price of silver

Like gold, a big decline of 0.41% has been recorded in the prices of silver in the commodity market today. The price of 1 kg silver on MCX has fallen to Rs 2,22,266. This sudden change in the market has also greatly affected the traders investing in silver. This huge fluctuation in silver prices also continues due to the combined effect of geopolitical factors.

Gold rates in major cities

The price of gold recorded at Rs 1,41,471 per 10 grams on MCX has had a direct impact on all the major cities of the country. Gold prices have fallen in metropolitan cities like the country’s capital Delhi, financial capital Mumbai, Chennai and Kolkata. However, due to local taxes and making charges, the final price of gold may vary in the bullion markets of all these cities. Customers must check their exact price from jewelers in the local market.

Opinion of experts and investors

According to experts and investors, the Federal Reserve may keep its interest rates stable due to the US inflation rate decreasing from 4.2% to 3.5%. Due to decrease in inflation, the US dollar index has weakened from 100.92 to 100.76. Experts believe that the increasing military tension between America and Iran is the biggest risk to the market at this time. The absence of any diplomatic initiative on this front will determine the price direction in the future.

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Huge rise in crude oil prices

Despite the weakening of the dollar, a huge rise has been seen in the international crude oil market. Brent crude September futures have risen more than 1% to reach the important level of $ 86 per barrel. The main reason for the rising oil prices is America’s strong warning against bigger attacks on Iran. The pressure on the global energy market has increased significantly due to the huge threat of oil supply disruption in the Gulf region.