Gold Silver Price: Even on MCX, the gold rate is running below Rs.60,000. Silver is running at the level of Rs 72,000. In the recent situation, even though a decline is being seen in the price of gold and silver. But experts are expecting a rise in the rates of both the precious metals in the coming times.
A continuous decline is being seen in the price of gold and silver. Gold, which reached close to 62,000 in the beginning of May, has now fallen below 60,000. A day before on Tuesday also there was a decline in gold and silver. The same trend continued on Wednesday as well. In the first week of May, gold climbed up to Rs 61739 and silver reached Rs 77280 per kg.
Softening in the rate of gold and silver
There is a slight increase in the rates of both the metals on the Multi Commodity Exchange (MCX). But the situation in the bullion market remains upside down. Even on MCX, the gold rate is running below Rs.60,000. Silver is running at the level of Rs 72,000. In the recent situation, even though a decline is being seen in the price of gold and silver. But experts are expecting a rise in the rates of both the precious metals in the coming times.
Rise in the rate of gold and silver on MCX
On Wednesday, a rise in the rate of gold and silver is being seen on the Multi-Commodity Exchange (MCX). On MCX on Wednesday, gold rose by Rs 53 to Rs 59271 per 10 grams and silver climbed Rs 315 to Rs 72409 per kg. Earlier on Tuesday, gold had closed at Rs 59218 and silver at Rs 72554 per kg on MCX.
The prices of broken gold and silver bullion market are published on https://ibjarates.com . Apart from the rate issued on the website, you have to pay GST and making charge at the time of purchase. On Wednesday, the price of gold fell by Rs 500 in the bullion market and reached Rs 59347 per 10 grams. Similarly, silver fell by Rs 1000 to reach the level of Rs 72173 per kg.
