Silver Record Dip at MCX
Good news for you if you are looking to buy gold and silver. On Thursday, June 13, 2024, silver prices witnessed a sharp fall of Rs 2,000. Also, gold has become cheaper by Rs 600 per 10 grams compared to yesterday. Silver is currently around Rs 88,500 per kg, after a fall of Rs 2,000.
Silver 2 thousand rupees cheaper
Silver prices fell sharply on the Multi Commodity Exchange, falling by Rs 1,921 per kg to Rs 88,524 per kg compared to yesterday. Silver closed at Rs 90,554 per kg in the futures market on Wednesday.
Gold cheaper by Rs.600
Along with silver, gold prices are also falling in the futures market. On Thursday, gold on MCX fell by Rs 582 to Rs 71,388 compared to yesterday. On Wednesday, the price of gold had closed at Rs 71,970.
Gold and silver are cheap in the foreign market as well
Along with the domestic market, the gold-silver prices are also seeing a big fall in the foreign market. Gold and silver prices have fallen after the presentation of the report of the Federal Reserve in the United States. Federal Reserve chief Jerome Powell said inflation had moderated but was still too high. We are working to bring inflation down to 2 percent. Which will help the economy and benefit everyone.
What are gold and silver rates in major cities?
• In Delhi, 24 carat gold is selling at Rs 72,310 per 10 grams and silver at Rs 95,200 per kg.
• In Chennai, 24 carat gold is selling at Rs 72,660 per 10 grams and silver at Rs 95,200 per kg.
• In Mumbai, 24 carat gold is selling at Rs 72,160 per 10 grams and silver at Rs 90,700 per kg.
• In Pune, 24 carat gold is selling at Rs 72,160 per 10 grams and silver at Rs 90,700 per kg.
The prices of #Gold and #Silver fell today, raising questions about whether investors should ‘#BuyTheDip‘ @anshul91_m with more on the factors influencing the current market trends in the precious metals https://t.co/Vkalsnbols
— CNBC-TV18 (@CNBCTV18News) May 21, 2024
Keep these things in mind while buying gold
If you are buying gold jewellery, never neglect the quality. Buy jewelery only after seeing the hallmark, which is a government guarantee for gold. The Bureau of Indian Standards (BIS) is the sole agency in India that determines hallmarks. All carats have different hall mark numbers, so buy gold only after seeing it.
Also read this:
• Purchase of 24 tonnes of gold in four months; Why is RBI buying so much gold?
