If you are thinking of getting gold ornaments made or are planning to gift gold or silver ornaments to someone, then this news is special for you, a fall in the prices of gold and silver has been recorded.
After registering a rise in the prices of gold and silver in the last days, now a decline is being seen. Bullion market saw a decline for the third consecutive day on Thursday. On the other hand, gold and silver are trading on the Multi-Commodity Exchange (MCX). In the first week of May, gold fell to the level of Rs 58,000 and silver to the level of Rs 68,000. But after this again a boom was seen in both the precious metals.
Price came down on MCX
On Thursday, both gold and silver saw a decline on the Multi-Commodity Exchange (MCX). At around 1.30 pm, gold fell by Rs 21 to Rs 59450 per 10 grams and silver was seen trending at Rs 72379 per kg, falling by Rs 581. Earlier on Wednesday, gold had closed at Rs 59471 and silver at Rs 72960 on MCX.
Bullion market also declined
The rates of bullion market are issued by the India Bullion and Jewelers Association (IBJA). According to the rate released by IBJA on the official website https://ibjarates.com on Thursday afternoon, there was a decline in gold and silver. On Thursday, gold fell by around Rs 350 to Rs 59271 per 10 grams and silver fell by around Rs 2000 to reach Rs 72284 per 10 grams.
Earlier on Wednesday, gold had closed at Rs 59616 per 10 grams and silver at Rs 74273 per kg. On Thursday, 23 carat gold is trending at Rs 59034, 22 carat gold at Rs 54292, 20 carat gold at Rs 44453 and 18 carat gold at Rs 34674 per 10 grams.
