Gold Price Today: Big drop in gold price! Gold became cheaper by Rs 4,087, silver also fell; Know the latest rate

Gold Price Today: There has been a tremendous fall in the price of gold in the last 20 days. Gold futures rate of 10 grams of gold on MCX is currently trading at Rs 51,513 per 10 grams, which had reached Rs 55,600 per 10 grams three weeks ago. Let’s know the latest rates. 

Gold Price Today: There has been a tremendous fall in the price of gold in the last 20 days. On MCX, the futures rate of 10 grams of gold fell by Rs 155 to Rs 51,721 per 10 grams at 9.05 am.

At the time of writing the news, gold has been trading at Rs 51,513 per 10 grams. Earlier, gold was also opened at the rate of 51,721. On the Multi Commodity Exchange (MCX), both gold and silver metals started trading with a fall in the morning.

fall in silver

Silver also appeared to fade on MCX. In the morning, the futures price of silver on the exchange was down by Rs 316 to Rs 68,520 per kg. Silver opened in the morning at a price of 68,511, which was trading with a slight increase. Significantly, in just 20 days, the price of gold has come down by Rs 4,087. In the same month i.e. in the second week of March, the price of gold on MCX had reached Rs 55,600 per 10 grams.

There is a boom in the global market 

There is a fall in the prices of gold and silver in the Indian futures market, but there is a rise in gold and silver in the global market. The spot price of gold rose 0.28 percent to $ 1,948.80 an ounce. At the same time, silver spot rate rose 0.70 percent to $ 25.44 an ounce.

What do experts say?

If market experts are to be believed, after the end of the ongoing war between Russia and Ukraine, gold prices may fall sharply. Actually, Russia also has a large stock of gold and is preparing to sell it in the global market.

If this stock of gold comes in the market, then its supply in the market will increase and there can be a big fall in the prices. But there is no sign of when this will be possible.

You can check the price of your city like this

The price of gold jewelery varies across the country, as it also has its share of excise duty, state tax and making charge. You can take the help of Indian Bullion and Jewelers Association (IBJA) to check the price of gold in your city.

For this, you just have to give a missed call on the number 8955664433. The message of the latest rate of gold will come on your mobile number.