There was a big fall in the price of gold, gold reached the lowest level

Gold prices continued to decline today amid mixed signals from the global market. On the last trading day of the week, there is a fall in the price of gold and gold is trading at a low level of one and a half years now. In such a situation, if you also want to buy gold and silver, then there is good news for you.

What is the price of gold and silver today?
On the Multi Commodity Exchange, this morning, gold futures fell by Rs 30 to Rs 50,345 per 10 grams, while silver fell by Rs 76 to Rs 55,335 per kg on MCX. Let us tell you that earlier trading in gold had started openly at Rs 50,385, while in silver openly started trading at Rs 55,435. Not only this, gold is currently trading with a fall of 0.06 percent from its previous closing price, while silver is currently trading with a fall of about 0.14 percent from its previous closing price.

What is the condition of the global market?
Gold Rate Today: There is a steady decline in the prices of gold and silver in the global market too. Today, the spot price of gold in the US market came down to $ 1,713.47 an ounce, which is 0.32 percent lower than the previous closing price. At the same time, the spot price of silver was also $ 18.76 an ounce, which is 0.30 percent lower than the previous closing price. Not only this, the price of gold in the global market had reached the lowest level since August 2021 a day earlier. That is, gold is continuously falling in the global market as well.

What are the specials
In such a situation, about the rising price of gold, experts say that the effect of the increasing strength of the dollar in the global market will be seen even more on the prices of gold and silver. And under this pressure, the price of gold has gone down to a one-year low. According to the market environment, investors are currently investing in dollars only, while they are selling in gold. At the same time, after the government increased the import duty on gold in the Indian market, its consumption has declined. That is, a fall in the price of gold can be seen even further.