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Gold and silver prices came down due to the arrival of Ganpatibappa

Gold and silver prices came down due to the arrival of Ganpatibappa
Gold and silver prices came down due to the arrival of Ganpatibappa

Gold price today : If you are planning to buy gold or silver on the arrival of Ganpati Bappa, then this news is important for you. Because of weak global cues, gold and silver prices fell in the futures market on Thursday.

Gold price today: Gold fell 0.71 per cent to a two-month low in early trade on the Multi Commodity Exchange today.

Similarly, the price of silver has also declined by 1.64 percent. In the international market too, gold fell 0.3 percent to a 6-week low today.

On MCX, gold of 24-carat purity fell by Rs 358 to Rs 50,056 per 10 grams at 10:40 am. Gold started trading today at Rs 50,202. After the opening of the price, there was a one-time increase and the rate was Rs 50,245. But soon it fell and the price reached Rs 50,056 per 10 grams.

silver Rs 861

Silver prices have also declined on multi commodity exchanges today. Silver today fell by Rs 861 to Rs 51,700 per kg. Silver was trading today at Rs 51,600. Soon, the prices rose by Rs 100 per kg to Rs 51,700.

Fall in prices in the international market

Gold and silver prices have declined in the international market today. Gold prices fell by 0.27 percent to $ 1703.89 an ounce. Similarly, the spot price of silver also declined by 0.98 percent today to close at $ 17.74 an ounce.

Globally, the fall in gold and silver prices is largely attributed to a firming US dollar index and a rise in bond yields.

no speed yet

According to a report, Kotak Security’s VP – Head Commodity Research Ravindra Rao said that gold is trading at a 6-week low in the international markets today.

This is due to the strengthening of the US dollar and rise in bond yields, as well as the deteriorating condition of the Chinese economy, which is also putting pressure on gold prices.

Rao says that unless the US dollar and bond yields improve, gold prices are likely to continue falling.

The article is in Hindi

Tags: Gold silver prices due arrival Ganpatibappa

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