Gold Price Today / Gold is getting cheaper by Rs 7100, there is a big fall in silver prices again

Gold, Silver Rate: There is a lot of volatility in the prices of gold and silver. There is more volatility in silver than in gold. Yesterday started with a big fall in silver, but by closing it became stronger by Rs 270. As far as the bullion market is concerned, the prices of gold and silver are rising in the bullion market.

MCX Gold: Gold in August has once again reached above Rs 49,000 per 10 grams. On Monday, there was a lot of volatility in the prices of gold, gold futures slipped to 48,782 and rose to a price of Rs 49175. Today it has started with a slight decline, although the rate still remains above Rs 49,000 per 10 grams.

Gold cheaper by about Rs 7100 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 on MCX reached the highest level of Rs 56191. Today gold is at the level of Rs 49100 per 10 grams on August futures MCX, that is, it is still getting cheaper by Rs 7100.

MCX Silver: There is a huge fall in silver today. There was a lot of volatility in silver on Monday. Silver had slipped to Rs 70836 per kg in intraday and jumped till 71864, that is, trading was seen in the range of Rs 1000. But in the end silver closed up by Rs 270. Today silver is showing a fall of Rs 440, the rate remains above 71300.

Silver cheaper by Rs 8680 from its all-time high

The all-time high of silver is Rs 79,980 per kg. Accordingly, silver is also cheaper by about Rs 8680 from its highest level. Today, July futures of silver are at Rs 71,300 per kg.

rate in bullion market

According to the website of IBJA, gold has become expensive in the bullion market, yesterday the rate of 10 grams of gold was Rs 48806, which is Rs 49047 today. The price of silver was Rs 70750 yesterday, but today the rate is Rs 71294 per kg.