Gold became cheaper, rates slipped below 49,000, silver also broke

Gold, Silver Rate Update: If you want to buy gold then you have a good chance. On Friday, gold and silver closed with great momentum. But today their futures prices are showing a decline. Gold has once again slipped below Rs 49,000 per 10 grams. While silver has come down to 71,000.

MCX Gold: August futures running above Rs 49,000 per 10 grams has now come below this level. On Friday, gold closed with a strength of about Rs 350 per 10 grams, but today it is showing a fall of Rs 200, the rate is at the level of Rs 48800 per 10 grams.

Gold cheaper by about Rs 7500 from the highest level

Last year, due to the Corona crisis, people had invested heavily in gold, in August 2020, the price of 10 grams of gold on MCX reached the highest level of Rs 56191. Today gold is at the level of Rs 48800 per 10 grams on August futures MCX, that is, it is still getting cheaper by Rs 7500.

MCX Silver: There is also a huge fall in silver. On Friday, July futures of silver closed with a strength of Rs 750. But today it has a weakness of Rs 650, that is, all the bullishness of Friday has disappeared. Silver July futures had closed around Rs 71550 on Friday, today the rate is below Rs 71,000 per kg.

Silver cheaper by Rs 9000 from its all-time high

The all-time high of silver is Rs 79,980 per kg. Accordingly, silver is also cheaper by about Rs 9000 from its highest level. Today, July futures of silver are at Rs 70900 per kg.

rate in bullion market

According to the website of IBJA, gold has become expensive in the bullion market, on Friday, the rate of 10 grams of gold was Rs 48578, which is Rs 48760 today. The price of silver was Rs 70167 on Friday, but today the rate is Rs 70660 per kg.