Gold Price Today: There has been a tremendous decline in the price of gold in the last one month. Gold futures rate of 10 grams of gold on MCX is currently trading at Rs 50,947 per 10 grams, gold had reached Rs 55,600 per 10 grams earlier this month. Let’s know the latest rates.
Gold Price Today: There has been a tremendous decline in the price of gold in the last one month. However, today the price of gold has seen a slight rise.
The futures price of 24 carat purity had reached Rs 50,990 per 10 grams on the Multicommodity Exchange (MCX) at 9.10 am, which is trading at Rs 50,947 per 10 grams till the writing of the news.
Earlier, the prices of gold had reached a month low due to continuous decline. There has been a jump of 0.25 percent in the rate of gold on MCX this morning. However, now the price of gold has not increased very much.
Rise in the price of silver
Along with gold, the price of silver has also increased. On Wednesday, silver futures on MCX showed a jump of more than 0.23 percent, due to which silver rates once again crossed 67 thousand.
Till the time of writing the news, the futures price of silver is trading at Rs 67,102 per kg. Let us tell you that earlier due to continuous decline, the rates of silver had reached below 67 thousand.
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 $ 1,920.6 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.
