Silver Gold Price Today: In early deals on MCX On Thursday, April 23, gold prices fell by about 1%, while silver prices fell by more than 2%. The main reason for this was profit booking due to geopolitical tensions. This situation came as the US dollar strengthened amid improving crude oil prices, and reports of renewed tensions between the US and Iran.
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At around 9:10 am, Gold’s June contracts on MCX fell nearly 0.50% to ₹1,51,947 per 10 gram, while Silver’s May contracts were trading nearly 2% lower at ₹2,43,856 per kg.
An increase of 0.15% was recorded in the dollar index, which affected the prices of gold. Earlier, Brent crude prices had jumped 2%, after which it was trading above $103 per barrel.
At the same time, investors around the world are closely monitoring the developments in the Middle East and the increasing US-Israel conflict against Iran. These developments may impact the next movement of gold prices.
Rising prices are increasing pressure on inflation
Oil prices remained high; Brent crude futures closed above the $100 mark in the last session. This came after Iran said it would not reopen the Strait of Hormuz as long as the US blockade continues.
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