Till a few months ago, gold and silver prices were expected to rise, it was being said that gold prices would cross 65,000 and silver would cross 80,000, but the current situation seems to be completely opposite. In the last 45 days, the price of gold has come down by Rs 3500, while the price of silver has come down by about Rs 8000. If experts are to be believed, last time the interest rates were increased by the Fed and this time the stop button was pressed, but in the coming months the Fed has made it clear that the interest rates will increase. In such a situation, there is a rise in the dollar index and an increase in the price of gold is being seen in the international market. Let us also tell you at what level gold and silver are trading in the markets of India and abroad.
Gold and silver market changed in foreign markets
About a month and a half ago, there was a boom in the prices of gold and silver in the Comex market, which has completely cooled down today. On May 4, the price of gold remained at $ 2055 per ounce, which has come down to $ 1947 per ounce today. This means that the price of gold futures has seen a decline of about $ 110 per ounce during this period. On the other hand, if we talk about silver future, then there has been a big decline in it in about one and a half months. On May 4, the price of silver was trading at $ 26.358 per ounce, which has currently come down to $ 23.163 per ounce. This means that the price of silver futures has come down to $ 3.2 per ounce during this period.
Gold cheaper by Rs 3500 in India
On the other hand, if we talk about the future market of India, then here also the prices of gold have increased a lot. The story has completely changed in the last 45 days. On May 4, gold prices were trading at Rs 62,285 per 10 grams, which came down to Rs 58,776 today. This means that gold has reduced by Rs 3,509 during this period. By the way, gold is trading on MCX at Rs 58,820 with a flat level at 9.45 am. By the way, gold opened at Rs 58,824 today and the gold market closed at Rs 58,809 a day ago.
Silver has become cheaper by Rs 8000
On the other hand, a big decline has also been seen in the price of silver. In 45 days, the price of silver has come down significantly on MCX. On May 5, the price of silver had come down to Rs 78,292, which reached Rs 70,302 today. This means that a fall of Rs 7,990 has been seen in the price of silver. Silver on MCX is trading at Rs 70,262 with a fall of Rs 125 at 9.95 am. Well today it opened at Rs 70,347 and the market closed at Rs 70,387 a day ago.
Source: www.tv9hindi.com”