New Delhi : News Agency – Gold Prices Today | Gold and silver prices fell in the futures market on Thursday on weak global cues. Gold Price Today (Gold Price Today) fell by 0.71 percent to hit a two-month low today on the Multi Commodity Exchange. Similarly, the price of silver has also fallen by 1.64 percent. In international markets, gold also fell 0.3 percent to a 6-week low today. (Gold Prices Today)
Gold Prices Today
On MCX, gold of 24-karat purity was down by Rs 358 to Rs 50,056 per 10 grams at 10:40 am. Gold started trading at Rs 50,202 today. After the rate was opened, there was a one-time increase and the rate was Rs 50,245. But soon it fell and the rate touched Rs 50,056 per 10 grams. (Gold Prices Today)
Silver falls by Rs 861 (Silver Prices Today)
Silver prices also fell today on the Multi Commodity Exchange. Silver today fell by Rs 861 to Rs 51,700 per kg. Silver started trading at Rs 51,600 today. Soon, the price improved by Rs 100 per kg to Rs 51,700.
Prices also fell in the international market
The price of gold and silver has fallen in the international market today. Gold price fell by 0.27 percent to $1703.89 per ounce. Similarly, the spot rate of silver also fell by 0.98 percent today and it has come to 17.74 dollars per ounce. The main reasons behind the decline in global gold and silver prices are believed to be the strength in the US dollar index and the rise in yield bonds.
Expect no boom yet
According to a report in LiveMint, Ravindra Rao, VP – Head Commodity Research, Kotak Security, says,
Gold is trading at a 6-week low in international markets today.
This is due to the strengthening of the US dollar and the rise in bond yields.
Also, the poor condition of the Chinese economy is also putting pressure on the price of gold.
Rao says that the fall in gold prices is likely to continue unless the US dollar and bond yields improve.
Web Title :- Gold Prices Today | fall to near lowest in 2 months silver down at multi year low
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