Gold Price Today: There has been a tremendous fall in the price of gold in the last 15 days.
Gold futures rate of 10 grams of gold on MCX is currently trading at Rs 51,365 per 10 grams, which had reached Rs 55,600 per 10 grams two weeks ago. While the price of silver is also weakening by Rs 78 on MCX, the futures price is trading at Rs 67,614 per kg.
Gold Price Today: Amidst the ups and downs in the global market, the price of gold and silver is seeing a decline once again. There is a slight decrease in the price of gold on the Multicommodity Exchange (MCX). At present, the futures price of gold on MCX is trading down from Rs 14 to Rs 51,365 per 10 grams. The price of silver is also weakening by Rs 78 on MCX and trading at the futures price of Rs 67,614 per kg.
Significantly, in just 15 days, the price of gold has come down by Rs 4,235. Let us tell you that in the second week of March this month, 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. Let us tell you that in the New York market, gold is being sold by 0.031 percent at $ 1,922.28 an ounce. At the same time, silver prices have also increased by 0.16 percent, after which silver reached $ 24.84 an ounce.
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.
