Gold Price Today / Gold became cheaper by Rs 9300, know what is the latest rate in bullion market

Gold, Silver Rate: Gold has once again slipped below Rs 47000 per 10 grams. Today the silver July futures have started. However, the business seems to be almost flat. Prices of gold and silver have also fallen in the bullion market today.

MCX Gold: Gold and silver traded strongly on Monday, but declined on Tuesday. On Tuesday, gold futures on MCX closed at the level of 46870 with a weakness of Rs 450. Gold has started sluggishly today.

Last year, due to the Corona crisis, people had invested heavily in gold, in August 2020, the price of 10 grams of gold on MCX reached the highest level of Rs 56191. Last year, gold gave a return of 43%. If compared to the highest level, gold has broken down by 25 percent, gold is at Rs 46900 per 10 gram level on MCX, which is still getting cheaper by Rs 9300.

MCX Silver: As far as silver is concerned, May futures of silver closed at close to Rs 70,000 with a strength of Rs 2460 on Monday. But on Tuesday it lost half its lead. May futures of silver fell by Rs 1300 to close at Rs 69550 level. Today the July futures of silver has started.

Silver cheaper by Rs 10400 from its highest level

The highest level for silver is Rs 79,980 per kg. Accordingly, silver is also cheaper by 10,400 rupees than its highest level. Today, July futures of silver are at Rs 69580 per kg.

Gold and silver in bullion market

According to the India Bullion and Jewelers Association ie IBJA, gold and silver prices have also decreased in the bullion market. Today, the rate of 10 grams of gold in the bullion market is Rs 46767, which was Rs 46968 yesterday. Similarly, today the rate of silver in the bullion market is Rs 69030 per kg, which was Rs 70205 per kg yesterday, ie both silver and gold have become cheaper in the bullion market today.