new Delhi. There has been a slight decline in the prices of gold and silver on Tuesday. Gold and silver prices came down in the global market today, whose effect was also visible in the Indian market.
On the Multi Commodity Exchange (MCX), gold prices were trading with slight changes on Tuesday morning. Gold’s April futures price was trading at Rs 53,590 per 10 grams. Similarly, silver futures were also trading higher by Rs 70 at Rs 70,108 per kg.
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Global market also fell
There was a slight decline in the price of gold in the global market today. Gold came down slightly below $2,000 an ounce due to weakness in the dollar. On the commodity exchange, the spot price of gold was down about 0.5 percent to $ 1,986 an ounce.
Gold may cross 54 thousand by April
HDFC Securities Head Research Tapan Patel says that due to the ongoing Russia-Ukraine conflict, gold prices will see a jump in the coming times. In the global market, it can cross $ 2,005 per ounce, while on MCX it will go above 54 thousand per 10 grams.
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Bumper speed came a day ago
Due to the big fall in the stock market, there was a bumper jump in the prices of gold and silver on Monday. While the spot price of gold had increased by Rs 1,300 per 10 grams, the price of silver had increased by Rs 1,910 per kg. It is estimated that after the peace between Russia-Ukraine, the prices of gold and silver will fall.
Tags: gold price, Silver Price Today
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