People came out to buy gold and silver! There has been a huge fall in prices, now know how much money will have to be paid for 10 grams.

Amidst the huge stir and huge selling in the Indian stock market, a relief news has come for the common man. It is generally seen that when the stock market falls, investors rush towards gold and its prices increase. But this time Trump’s statements and global tension have spoiled all the old calculations of the market. Today, a big fall has been recorded in the prices of gold and silver in the country, due to which the faces of people planning to buy have blossomed.

Silver took a dive of 11 thousand, gold also became cheaper

According to the latest market data, today the prices of both gold and silver have fallen. A huge decline of about 5% has been seen in the price of silver, due to which it has become cheaper by Rs 11 thousand and has come down to Rs 2 lakh 32 thousand per kg. At the same time, if we talk about gold, its prices have also decreased by 1.5%. After this fall, the price of 10 grams of gold has now reached the level of Rs 1 lakh 51 thousand 450.

Trump’s speech changed the trend of global market

Heavy pressure is being seen on precious metals in international markets also. Spot silver fell 2.9% to $72.95. At the same time, spot gold is trading down by 1.3% at $4,694.48 per ounce. Interestingly, at the beginning of the session today, gold had risen by more than 1% and was at its highest level since March 19, but after the speech of US President Donald Trump, the market trend completely changed and prices crashed. Apart from this, a decline of 1.4% to 1.8% has also been recorded in metals like platinum and palladium.

Recession phase in futures market (MCX) also

Not only the spot market, but also the shine of gold and silver has faded on the futures market i.e. MCX. On MCX, the price of silver has fallen by 5.6% (about Rs 13,613) to Rs 2,29,888 per kg. At the same time, the futures price of gold has fallen by 1.65% (about Rs 2,547) and reached Rs 1,51,161 per 10 grams. Experts believe that these changes coming in the global market are a big signal for investors.

Disclaimer: This article is for information only. Do not consider this as investment advice. Before taking any decision related to investment, please discuss with your financial advisor.