Silver price falls and gold prices are still strong

Gold, Silver Rate: For those who have invested in gold, the good news is that gold is now getting stronger. But those who are thinking of buying gold, now they may have to pay a bit more for this. Gold has strengthened over the past week. However, silver prices have seen a lot of ups and downs.

MCX Gold: On Friday, the June futures of gold closed above Rs 48400 per 10 grams, today it is seeing a strong turnover of Rs 150 per 10 grams. In the last two weeks, gold has become more expensive by about Rs 600.

Gold is cheaper by around Rs. 7650 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 percent, gold is at Rs 48550 per 10 gram level on MCX, which is still getting cheaper by Rs 7650.

MCX Silver: As far as silver is concerned, the July futures of silver also closed on Friday at a very close level of Rs 71,000 per kg, although today it has started well. Today, July futures of silver have gained more than Rs 560. It hinges above Rs 71600.

Silver cheaper by Rs 8380 from its highest level

The highest level for silver is Rs 79,980 per kg. Accordingly, silver is also cheaper by Rs 8380 from its highest level. Today, July futures of silver are at Rs 71600 per kg.

Gold and silver in bullion market

According to the India Bullion and Jewelers Association ie IBJA, there is a stir in the gold and silver prices in the bullion market. Today, gold is running at a rate of Rs 48690 per 10 grams, while on Friday the price was Rs 48553. Similarly, the price in silver is showing mild softness, today the silver rate in the bullion market is Rs 71015 per kg, while the Friday rate was Rs 71245.