Gold still gains Rs 8100, softening in prices for two days

Gold, Silver Rate: Gold is showing pressure on silver prices today. Gold futures closed on Tuesday with a weakness of Rs 160, today gold is seen trading in a range. Silver futures traded at the edge throughout the day on Tuesday, but finally saw light profit booking.

MCX Gold: On Tuesday, the June futures of gold on MCX closed with a slight decline, today gold is trading with fluctuations. However, gold futures are almost flat, that is, at tomorrow's level only. Gold futures are trading around 48300.

Gold is cheaper by around Rs 8100 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. Last year, gold gave a return of 43%. If compared to the highest level, gold has broken down by 25%, gold is at Rs 48370 per 10 gram level on MCX, which is still getting cheaper by Rs 8100.

MCX Silver: As far as silver is concerned, the July futures of silver also closed flat yesterday after trading strongly throughout the day. But today there is a tremendous decline in it. Silver futures on MCX are trading around 72800, down by 370 points.

Silver cheaper by Rs 7180 from its highest level

The highest level of silver is Rs 79,980 per kg. Accordingly, silver is also cheaper by 7180 rupees than its highest level. Today, the July futures of silver are at 72800 rupees per kg.

Gold and silver in bullion market

According to the India Bullion and Jewelers Association (IBJA), there is a slight difference in the prices of gold and silver in the bullion market. Today, gold is being sold in the bullion market at Rs 48,472 per 10 grams. Whereas on Tuesday, the rate was Rs 48419 per 10 grams. Similarly today, silver is selling at Rs 72332 per kg in the bullion market, whereas yesterday the rate was Rs 73168 per kg. That is, silver has become cheaper today.