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After a sharp rise in gold and silver in the last few days, now both the metals are seeing a decline again. Similar fluctuations are continuing in the prices of gold and silver for the last few days. On Wednesday, the prices of gold and silver are once again seen falling. Gold once again fell below Rs 61,000 in the bullion market. Similarly, the price of silver is also running below 72,000. A few days ago, silver was running above 74,000 and gold above 61,000.
Mixed reaction on MCX
If you are thinking of buying gold and silver jewelry recently, then you will have to spend less money now. Bullion market remained soft on Wednesday and mixed trend was seen in Multi Commodity Exchange (MCX). Gold and silver prices have reached record levels in the last few days.
According to experts, the price of gold can increase up to Rs 65,000 per 10 grams in this Diwali season. Similarly, silver prices are expected to go up to Rs 80,000.
There is a mixed trend in the market on MCX as well.
Gold and silver prices were mixed on the Multi Commodity Exchange (MCX) on Wednesday. Silver was trading down by Rs 204 at Rs 72381 per kg and gold by Rs 50 at Rs 60294 per kg on MCX on Wednesday. Earlier on Tuesday, gold had closed at Rs 60244 per 10 grams and silver at Rs 72585 per kg.
Big fall in bullion market
Bullion market rates are issued by the daily. According to the rate released on Wednesday, gold has fallen by more than Rs 500 to Rs 60,618 per 10 grams. Similarly, the price of silver is around Rs. 200 reduced by Rs. 71739 per kg was reached. Earlier on Tuesday, the price of silver had closed at Rs 71930 and gold at Rs 61066.
In Sarafa Bazar on Wednesday, the price of 23 carat gold was Rs 60375, 22 carat gold was Rs 55526 and 20 carat gold was Rs 45464 per 10 grams. For some time, there has been a continuous ups and downs in the prices of gold and silver. In February, gold was close to Rs 55,000 per 10 grams. In just two and a half months, it has become Rs 6000 per 10 grams.
