Picture changed in three months, gold became cheaper by Rs 2700, silver dipped by Rs 4700 - Newztezz Online

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Monday, August 14, 2023

Picture changed in three months, gold became cheaper by Rs 2700, silver dipped by Rs 4700

In the last three months, the picture of gold and silver prices has completely changed. No one had thought that gold which was running towards 62 thousand three months ago, today it was below 59 thousand rupees and silver was close to 75 thousand and will come below 70 thousand.

The nature of the market is such that, what was visible some time ago, its picture changes completely in the present time. It is clearly visible in the prices of gold and silver. In the last three months, the picture of gold and silver prices has completely changed. In three months, the price of gold has come down by about Rs 2700. While silver has become cheaper by Rs 4700. According to the experts, there is a rise in the dollar index, due to which gold and silver prices are falling in the international market. In foreign markets too, gold prices are above $1900 per ounce respectively, but a few weeks ago gold had crossed $2000.

Gold and silver prices in foreign markets

1. Gold futures in New York's Comex market are seeing a decline of $ 1.80 an ounce and the price has reached $ 1,944.80 an ounce.

2. Gold spot in New York's Comex market has declined by $ 1.26 an ounce and the price has come down to $ 1,912.50 an ounce.

3. In New York's Comex market, silver futures fell by 0.39 per cent and was trading at $22.66 an ounce.

4. In New York's Comex market, the price of silver spot declined by 0.39 per cent and was trading at $ 22.60 an ounce.

Gold price fall in india

Even though there is a slight decline in the price of gold on India's futures market MCX today i.e. on Monday, gold has become cheaper by about Rs 2700 in the last three months. Talking about the figures, the price of gold is trading at Rs 58,887 at 11 am on Monday. While gold opened at Rs 58904 today and during the trading session gold prices went to the lower level of the day with Rs 58875. By the way, the price of gold had closed at Rs 58906 on Friday. Whereas on May 15, the gold price was at Rs 61567.

Silver became cheaper by Rs 4700 in three months

On the other hand, there has been a big decline in the prices of silver. According to statistics, on Monday, gold prices were seen trading below Rs 70,000. Silver is trading at Rs 69830 per kg with a fall of Rs 146 at 11 am. While it was opened at Rs 69841 per kg. According to statistics, the price of silver was Rs 74,524 on May 15, which has come down to Rs 69,755 today. This means that the price of silver has come down by more than Rs 4700 per kg.

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