Gold Silver Price of 16th december mcx gold price today

Gold-Silver Price: After the rise in the price of gold and silver in the past, now a decline is being seen in both the precious metals. Friday is the third consecutive day when gold and silver came down after breaking down. A record jump was seen in the sale of gold in October. At that time, according to the expectation expressed by the experts, there was a rise in gold and silver, but it declined on Friday. During the whole month of November, gold had climbed more than Rs 2600 per 10 grams. Similarly, there was a rise in silver by Rs 6000 per kg. On Friday, there was a declining trend in the rate of gold and silver in both the Multi-Commodity Exchange (MCX) and the bullion market.

Gold and silver remained soft on MCX

Right now the price of gold is far from the record level. In August 2020, Gold made a record of Rs 56,200. On Friday, at around 1.30 pm on the Multi-Commodity Exchange (MCX), gold futures saw a decline of Rs 14 and was seen trading at Rs 54093 per 10 grams. At the same time, a big fall of Rs 405 was seen in silver and it is trading at Rs 67413 per kg after breaking down. Earlier in the session, gold had closed at Rs 54107 and silver at Rs 67818 per kg.

condition of gold and silver in bullion market

Bullion market also behaved like the futures market on Friday. Here also a decline was seen in the rate of gold and silver. According to the price released by the India Bullions Association (https://ibjarates.com) in the bullion market, the price of 24 carat gold declined by Rs 9 to Rs 53885 per 10 grams. Apart from this, silver of 999 purity fell by Rs 261 to Rs 66307 per kg. The rate of 23 carat gold reached Rs 53670 per 10 grams, 22 carat Rs 49358 per 10 grams and 18 carat reached Rs 40413 per 10 grams.