Gold-Silver Rate Today: Gold price fell by Rs 3497, silver also fell by Rs 8641, know the latest price.

Gold-Silver Rate Today In India: The rising prices of crude oil have created an uproar in the stock and commodity markets. Today the prices of gold and silver have fallen on MCX, due to which the concerns of investors have increased considerably. Within the last 36 hours, the price of gold has fallen by Rs 3497, which is considered a huge fall.

On Wednesday night, the futures price of gold remained at the level of Rs 1,45,693. Today on Friday morning around 9.30 am it was trading at the rate of Rs 1,42,196 per 10 grams. This change directly reflects the current market volatility and international pressure to the world and investors.

gold price

According to MCX data, on January 29, gold had reached a record high of Rs 1,93,096. From then till today, the prices of gold have dropped by a huge Rs 50,900. The fall in the international market also continued on Friday and spot gold in Singapore became 0.4% cheaper at $ 4030.09 an ounce.

price of silver

Talking about the prices of silver, this morning it was trading at the rate of Rs 2,18,539 per kg. On Wednesday, 1 kg silver had closed at Rs 2,27,180, which has seen a huge fall of Rs 8,641 in 35 hours. The all time high of MCX Silver is Rs 4,20,048 and it has become cheaper by Rs 2,01,509 from its highest level.

Experts’ opinion

Brian Lan, Managing Director of Gold-Silver Central, has said that more ups and downs may be seen in the coming short time. According to him, gold has been badly stuck between $3,980 and $4,170 for the last several weeks. Whenever the price goes near or below $4000, big buyers come in and immediately pull it back up.

Also read: Share Market: Earthquake in share market, Sensex fell 700 points; Lakhs of crores of investors lost in one stroke

Iran dispute and interest rates

US President Donald Trump has given a very strict warning of major military punishment to Iran and its Houthi allies. Yemeni Houthi rebels attacked Saudi oil tankers in the Red Sea, sending Brent crude above $100. Rising oil prices have fueled fears of inflation and prolonged high interest rates.