Gold-Silver Rate Today: Severe fall in the prices of gold and silver, rates fell to the lowest level in 7 months, know the latest prices.

Gold-Silver Rate Today 23 June: A very strong and huge fall has been recorded in the prices of gold and silver in the Indian futures market on Wednesday. There has been a huge stir in the market due to the strengthening of the US dollar and the strict policies of the Federal Reserve. Internationally, due to the sharp fall in American technology stocks, investors have made huge sales of gold to compensate for the losses. This record and huge fall in gold prices is mainly due to this heavy selling.

Leading market experts say that the new and strict estimates of the Federal Reserve appear to be much stricter than the market’s expectations. Crude oil prices have also declined slightly due to the increasing agreement between America and Iran. But this relief has become very pale and weak in front of the strong US dollar. In view of this continuous and heavy fall of gold, market experts have given important advice to all investors to be very alert and careful.

price of 10 grams of gold

Today, a huge decline of 1.21 percent has been recorded in the gold futures for the month of August on MCX. After this big fall, the price of gold has now come down to a very low level of Rs 1,44,759 per 10 grams. Due to the continuous decline at the global level, there is a big possibility of August gold futures falling further. If prices fall further, gold can go to a very low and critical level of Rs 1,40,000 per 10 grams.

price of 1 kg silver

Along with gold, a huge and clear decline in the prices of silver is also clearly visible today. A huge decline of 0.71 percent has also been recorded in the silver futures for the month of July on MCX today. After this huge fall, the price of silver has fallen to a very significant level of Rs 2,24,227 per 1 kg. According to analysts, silver is currently getting a major support at the important levels of Rs 2,21,000 and Rs 2,16,600.

Also read: Share Market Today: Mixed start in the share market today, fluctuations continue amid global cues.

dollar index and markets

The main reason for this huge fall in gold is believed to be the US dollar reaching its highest level in the last one year. The dollar index has currently reached the important level of 101.52, which is a major reason for huge pressure on precious metals. Due to trading in US dollars, buying gold has now become much more expensive for buyers in other currencies. The eyes of the market are now firmly focused on the upcoming important figures of US personal consumption expenditure.