Gold Price Today / Gold prices still lower 9200 from peak, silver crosses 68500 mark

Gold Price Today: Gold and silver have started increasing rapidly. Gold has crossed Rs 47000 on MCX, while silver has also crossed Rs 68,000 per kg. Gold and silver have also become expensive in the bullion market. But today the prices are looking soft.

MCX Gold: On Thursday, the June futures of gold on MCX became expensive by Rs 560 per 10 grams and closed at Rs 47175. But today it is trading with a fall of more than 100 rupees. Prices still remain above Rs 47000 per 10 grams. If you take a look at the gold business this whole week, it is known that gold has become expensive by Rs 650 so far this week.

Gold is cheaper by around Rs 9200 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. Last year, gold gave a return of 43%. If compared to the highest level, gold has broken up to 25%, gold is trading at MCX at the level of Rs 47000 per 10 gram, which is still getting cheaper by about Rs 9200.

MCX Silver: Silver also traded up sharply on Thursday. In the last hours, silver May futures on MCX closed at 68500 level showing good buying. Silver had also reached Rs 68785 per kg on intraday. But today the business has started with a slowdown in silver May futures. Silver is trading around 68400 with a weakness of 150 rupees.

Silver cheaper by Rs 11580 from its highest level

The highest level for silver is Rs 79,980 per kg. Accordingly, silver is also cheaper by 11580 rupees than its highest level. Today, May futures of silver are trading at Rs 68400 per kg.