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Gold Silver Rate Today: The process of tremendous decline seen yesterday in the price of gold continues even today and gold rates have come down even today. After a huge fall of Rs 2000 in silver yesterday, trade is still being seen with sluggishness. The rates of gold and silver have also become cheaper in the international market and their demand has decreased.
how cheap is gold today
Gold has become cheaper today for Rs 154 per 10 grams on the Multi Commodity Exchange. Gold prices are down 0.30 per cent on MCX at Rs 50,869 per 10 grams and these are the rates of December futures.
what is the price of silver today
If you look at the price of silver today, it has become cheaper by about one percent. Silver has fallen by Rs 567 per kg today. On the Multi Commodity Exchange, silver is getting down by Rs 567 at the rate of Rs 58535 per kg for December futures.
how was the business in gold yesterday
Gold fell by Rs 543 to Rs 51,625 per 10 grams in the Delhi bullion market on Monday amid fall in the prices of precious metals in the international market. Due to this, gold had closed at Rs 52,168 per 10 grams in the previous trading session. Apart from this, silver fell by Rs 2,121 to 59,725 per kg, which was earlier at 61,846 per kg. HDFC Securities gave this information.
What do currency experts say
Dilip Parmar, Research Analyst, HDFC Securities, said strong US employment data has raised fears of US central bank Federal Reserve aggressively raising interest rates. Rising interest rates make gold less attractive as an investment and have an impact on the demand for gold. It was also seen when gold was trading down at $ 1,683.05 an ounce in the international market yesterday and silver was also trading with a loss at $ 19.74 an ounce.
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