There has been a big decline in the gold and silver market today, which has created a stir among both investors and buyers. While on one hand the prices of gold have fallen, on the other hand there has been a huge fall in the prices of silver. This decline before the wedding season is also being seen as a buying opportunity.
Today, the price of 24 carat gold has fallen by ₹3,333 to ₹1,50,375 per 10 grams on the Multi Commodity Exchange (MCX). At the same time, a big fall of ₹ 13,037 has been recorded in the price of silver, after which its price has come down to ₹ 2,30,464 per kg. At the same time, if we talk about the international market, the price of gold is trading at around $ 4,695.72 per ounce, which is indicating weakness in the market.
Today’s rate of 22 and 18 carat gold
- 22 carat gold: approximately ₹1,37,800 per 10 grams
- 18 carat gold: About ₹ 1,12,700 per 10 grams
(Note: There may be slight difference in rates depending on the city and jeweler)
Why did gold and silver fall?
According to experts, this fall in gold and silver prices has come due to global market signals, strength of dollar and profit booking by investors. Apart from this, correction is also being seen in the market after the rise in prices in recent times.
Buying opportunity or waiting?
Many people are seeing this fall in prices as a good buying opportunity, especially before the wedding and festival season. However, the market is still volatile, so it is important to take expert advice before investing.