Gold is getting cheaper by Rs 8100! heavy fall in silver
On Friday, the August futures of gold had closed with a fall of about Rs 350 per 10 grams, although the prices were still above Rs 48,000 per 10 grams. In intraday gold futures had gone above Rs 48389. From Monday of last week till today, gold has become expensive by Rs 300.
Last week’s gold movement (July 12-16)
Day Gold (August Futures)
Monday 47774/10 grams
Tuesday 47889/10 grams
Wednesday 48299/10 grams
Thursday 48400/10 grams
Friday 48053/10 grams
Gold cheaper by about Rs 8120 from the highest level
Last year, due to the Corona crisis, people had invested heavily in gold, in August 2020, the price of 10 grams of gold reached the highest level of Rs 56191. Today gold is at the level of Rs 48080 per 10 grams on August futures, that is, it is still getting cheaper by about Rs 8120.
Silver September futures closed with a huge fall of 2 percent on Friday. Silver futures fell more than Rs 1300 per kg to close at 68319, although silver futures had also reached a high of Rs 69931 in intraday. Even today there is a declining environment in silver futures. Silver futures are currently trading with a fall of about Rs 370 per kg. Silver has become cheaper by up to Rs 1400 per kg since Monday of last week.
Silver move last week
Day Silver (September – Futures)
Monday 69375/kg
Tuesday 69081/kg
Wednesday 69619/kg
Thursday 69681/kg
Friday 68319/kg
Silver cheaper by Rs 12000 from its
All-time high
The all-time high level of silver is Rs 79,980 per kg. Accordingly, silver is also cheaper by about Rs 12000 from its highest level. Today, July futures of silver are at Rs 67950 per kg.
Gold and silver price in bullion market
In the bullion market also, gold became cheaper on Friday, on Friday, gold was sold at Rs 48273 per 10 grams, which was sold at Rs 48424 on Thursday. Similarly, on Friday, the rate of silver was Rs 68912 per kg, which was Rs 69233 per kg a day earlier.
