Gold prices fall, became so cheap in 2 days, silver fell by Rs 4000

New Delhi: Gold prices are falling since an announcement in America. Gold rates have fallen significantly in the last two days. The big thing is that even after the fall in the stock market, the price of gold and silver is continuously decreasing. There has been a fall in the price of gold and silver from MCX to the bullion market. Gold also became very cheap on Friday. Let us know how much gold and silver have become cheaper.

If we look at the Indian bullion market, today the price of 24 carat gold is Rs 75380 per 10 grams, whereas yesterday evening the price of 24 carat 10 grams of gold was Rs 76013. That is, since yesterday evening till now the price of gold has fallen by Rs 640. Whereas yesterday evening the rate of pure silver was Rs 87035 per kg, which has now come down to Rs 85133 per kg. That is, today the price of silver has been reduced by Rs 2000 per kg.

If we look at MCX, the price of gold has come down by about Rs 1000 for the February 5 futures. At the same time, the price of silver has been reduced by Rs 3700 per kg for the March 5 futures in two days. Whereas in the bullion market, the price of gold has come down by about Rs 2000 per 10 grams and the price of silver has come down by about Rs 4000 per kg in two days.

On Wednesday, the US central bank announced a quarter cut in the rate, after which the decline dominated the stock market as well as the commodity market. Along with this, the central bank also said that there may be two more rate cuts to control inflation. Due to which global tension has increased and the dollar is getting stronger. Due to this, the prices of metals like gold and silver are also falling.

According to the official website ibjarates.com, this morning the price of 995 purity gold was Rs 75244 per 10 grams. At the same time, the price of 916 (22 carat) purity gold was Rs 69201 per 10 grams. The rate of 750 (18 carat) purity gold was Rs 56660 per 10 grams. At the same time, the price of 585 (14 carat) purity gold was Rs 44195 per 10 grams.