MCX Gold Price Today: There is a slight decline in the price of gold on the Multi Commodity Exchange. Gold had once reached the level of Rs 60 thousand during the trading session, but at present a slight slowdown is being seen in the price of gold. In such a situation, before purchasing, definitely check the latest gold rates.
When the price of gold had crossed Rs 60 thousand on Wednesday evening, no one would have believed that the price would come down in less than 24 hours. When the market opened in the morning, gold started with a fall of Rs 350. During the trading session, gold had once reached the level of Rs 60 thousand, but later it came down.
According to experts, there is slight profit booking by gold investors, due to which a slight decline is being seen. However, the Israel-Hamas war trigger still remains. Due to continuous statements coming from Western leaders, tension is continuously increasing in the Middle East. Due to which the prices of gold may sometimes rise. Let us also tell you how cheap gold has become at present.
Gold became cheaper in India-
A slight decline is being seen in the price of gold on the Multi Commodity Exchange. On Thursday evening at 4:30 pm, the price of gold fell by Rs 108 and was trading at Rs 59965 per ten grams. Whereas today gold opened at Rs 59,720 with a fall of Rs 350. A day ago, the price of gold had crossed Rs 60 thousand in the evening. After which the market closing price came down to Rs 60,073 per ten grams late at night.
Silver also became cheaper-
On the other hand, a slight decline was also seen in the price of silver. According to the data, the price of silver on Multi Commodity Exchange is trading at Rs 71,819 with a fall of Rs 76 per kg. However, during the trading session today, silver had crossed the level of Rs 72 thousand and the price had reached a high of Rs 72,200 per kg. However, silver opened this morning with a fall at Rs 71,801.
Slowdown in foreign markets also-
A decline in the price of gold is also being seen in foreign markets. According to the data, gold future is trading at $ 1,962.80 per ounce with a fall of $ 5.50 per ounce in the Comex market of New York. Whereas the price of gold spot is trading at $ 1,950.87 per ounce with a slight increase of $ 3.32 per ounce. Silver future is trading flat at $ 23.06 per ounce and silver spot is trading at $ 22.91 per ounce.
