Relief news for gold buyers, big fall in silver too, know why prices are falling for 4 consecutive days

The price of gold has become a hot topic of discussion. Importantly, silver made its all-time high on May 20, 2024. The price of silver touched Rs 95,267 per kg on this day, but since then its price has been falling every day. Similarly, the price of gold has also decreased.

6 Month ago

Silver is falling daily and gold is close to Rs 75000 per 10 grams. The price of gold and silver has seen a continuous decline for the last four days. The prices of these metals are falling every day. Gold has fallen from Rs 74367 to around Rs 71500. This fall in gold prices has been seen on the Multi Commodity Exchange (MCX).

Importantly, silver made its all-time high on May 20, 2024. The price of silver touched Rs 95,267 per kg on this day, but since then its price has been falling every day. However, today its price has increased by Rs 600 per kg. A kg of gold on MCX for June 5 futures is Rs. Trading at 91045. In such a situation, silver has become cheaper by Rs 4,222 in the last four days.

On MCX, gold for June 5 futures was Rs. 71,526 per 10 grams is trading. Its price has come down by Rs 51 per 10 grams. While on May 20, the price of gold was Rs 74,367 per 10 grams, which has fallen to Rs 71,526. In such a situation, gold has become cheaper by Rs 2,841 per 10 grams in four days.

Gold and silver prices saw a big drop on Thursday. Gold price was Rs 73,046 per 10 grams on May 22, which fell to Rs 71,577 per 10 grams on May 23, i.e. yesterday. In such a situation, the price of gold decreased by 1469 rupees yesterday.

On the other hand, silver was at Rs 93,013 per kg on May 22 and fell to Rs 90,437 per kg on May 23. In such a situation, a decrease of 2576 rupees was seen in the price of silver yesterday.

Gold and silver have become cheaper in the Indian bullion market today, May 24, 2024. The price of gold is 71 thousand rupees per 10 grams, while the price of silver has increased by 89 thousand rupees per kg. At the national level, the price of 10 grams of 24 carat gold of 999 purity is Rs 71952. While the price of 999 purity silver is Rs 89697.