Gold moving towards record breaking decline, silver also fell

Amid mixed signals from the global market, gold prices are showing a steady decline on the first trading day of the week. Even today gold is trading below 51,000. Apart from this, there is also a decline in silver. According to the information given on the website of India Bullion and Jewelers Association (IBJA), gold has become cheaper by Rs 13 to Rs 50,803 in the bullion market, while silver has become cheaper by Rs 607 to Rs 54,402 per kg. Let’s know the latest rates.

Know what is the rate of gold and silver today?

Now let’s talk about the Multi Commodity Exchange, till noon on MCX, gold is trading down by Rs 91 to Rs 50,553 while silver on MCX was trading at Rs 54,803 by falling Rs 328 in the afternoon. Talking about the international market, gold has come to US $ 1,724.77 per ounce. On the other hand, talking about silver, it is trading at $ 18.58 an ounce.

How is the global market?

Now let’s talk about the global market. In the global market, spot gold was seen trading up 0.01 per cent, or $ 0.21, at $ 1725.49 an ounce, while spot silver was seen trading up 0.06 per cent, or $ 0.01, at $ 18.56 an ounce.

What do experts say?

Experts believe that interest rates have increased across the world including Europe and India. Due to the increasing pressure of the dollar, the selling in gold may continue to dominate. In such a situation, the downward trend in gold may continue. In the coming days also, there may be a further fall in the price of gold, and it can come to 49 thousand rupees.

You can also easily know the rate

If you also want to know the price of gold and silver, then you can easily find out sitting at home. For this, you just have to give a missed call on the number 8955664433 and after that a message will come in your phone. Here you can check the latest rates.