Today’s Gold and Silver Rate: There was a decline in the prices of gold and silver on Friday. In early trade, gold prices on MCX fell to Rs 1.50 lakh per 10 grams. Whereas silver became cheaper by Rs 14000. Its price reached Rs 2.33 lakh per kg.
Recently there was a decline in gold and silver in the bullion market.
On Thursday, silver became cheaper by Rs 30,300 and reached Rs 2.68 lakh per kg. Whereas gold fell by Rs 4,500 to Rs 1.6 lakh per 10 grams.
What was the price in international markets?
In the international market, gold and silver prices fell sharply on Thursday amid the dollar reaching a two-week high and signs of easing in US-China trade tensions. The stronger dollar made gold expensive for investors transacting in other currencies, impacting demand.
Spot gold fell 2.5% to $4,838.81 an ounce, slipping from a near one-week high set earlier in the session. US gold futures for April delivery also fell 1.9% to $4,855.60 an ounce. The fall in silver was even sharper. Spot silver prices fell 14.9% to $74.94 an ounce. It is noteworthy that only last week, silver had touched a record high of $ 121.64 per ounce.
