For the last two days, the price of gold has been falling significantly. At the same time, gold and silver prices fell in India for the third consecutive day. Against the last two days, the price of precious metal has come down again today. In such a situation, now is the right time to buy gold or silver.
Gold prices fell again on the third day
On October 10 gold futures on MCX (Multi Commodity Exchange) fell by 0.42% i.e. Rs 208 to Rs 49,300. Similarly, the price of gold per 10 grams of December contract was Rs 165, ie 0.33%, at Rs 49,385. In the previous session, gold had lost less than Rs 100. At the same time, gold prices fell by Rs 1,200 on Monday. According to previous records, the price of gold per 10 grams is still down by about Rs 6000.
Gold and Silver Price in Spot Market
Silver also declined
At the same time, per kg Silver futures fell from Rs 2188 ie 3.74% to Rs 56,300. Let us know that with the closing of futures trading on Wednesday, per kg of December contract. The price of silver was Rs 58,488.
How is the global market?
Talking about the global market, gold prices did not change much against the US dollar. According to Bloomberg, the December contract price of gold per ounce on Comex was down by $ 12.40, or 0.66%, at $ 1,856. In the spot market, an ounce of gold was trending at a low of $ 8.90 ie 0.48 # at $ 1,854.44.
On Comex, the December contract price of silver per ounce is lower by $ 0.87 (3.79%) at $ 22.23. At the same time, the spot price of silver per ounce declined by $ 0.74 (3.25%) to $ 22.04. At the same time, platinum rose 0.3% to $ 869.64 and palladium fell 0.8% to $ 2,203.15 per dollar.
Gold Price (Ten grams) in the last 5 days
Date (22 carats) (24 carats)
Sep 22, 2020 ₹ 49,500 ₹ 54,000
Sep 21, 2020 ₹ 50,300 ₹ 51,300
Sep 19, 2020 ₹ 50,480 ₹ 51,480
Sep 18 2020 ₹ 50,330 ₹ 51,330
Sep 17, 2020 ₹ 50,200 ₹ 51,200
Gold was broken in the bullion market also
In the bullion market of the capital Delhi, the price of gold per 10 grams fell by Rs 672. At the same time, 1 kilo The price of silver was reduced by Rs 5,781 in a single day.