new Delhi. Due to the softening in the global market, the prices of gold and silver also fell in the Indian market on Friday (Gold-Silver price down). The futures price of gold came down below Rs 53 thousand.
Gold futures fell by Rs 338 to Rs 52,901 per 10 grams on the Multi Commodity Exchange (MCX) at 9.53 am. Silver futures have also reached close to 70 thousand. On MCX, the rate of silver decreased by Rs 441 and it was selling at Rs 70,030 per kg.
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Prices also fell in the global market
The rates of gold and silver have also come down in the global market. In the US market, the spot price of gold fell by $ 8.50 to $ 1,991.90 an ounce. Similarly, the spot price of silver has also declined by $ 0.12. Silver rates were at $ 26.12 an ounce in morning trading.
Gold is getting cheaper in these cities
The spot price of gold in Delhi bullion market was on Friday morning at Rs 48,200 per 10 grams for 22 carats. At the same time, the price of 24 carat gold was Rs 52,580 per 10 grams. In Mumbai too, the price of 22 and 24-carat gold remained the same as in Delhi. Silver rates have reached Rs 74,100 per kg in Mumbai and Chennai.
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guess what’s next
Experts say that due to the ongoing tension in the global market, gold and silver prices will continue to rise in the future. Countries around the world are buying gold to keep their economy stable, due to which it is continuously increasing in the global market. India is also the largest importer of gold and with the increase in consumption here, the price of gold in the domestic market will also increase. It is estimated that by the end of 2022, gold will touch the price of 58 thousand per 10 grams.
Tags: gold price, Gold Price Today, Silver Price Today
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