Gold Price Today: There is a fall in the price of gold and silver, here is the latest rate of 10 grams
Newz Fast, New Delhi: The Indian stock market also opened with a heavy fall on Thursday. On Thursday, both bullion market and MCX market saw a fall.
Amidst the signs of recession, the US market has been falling for four consecutive days. After Ganesh Chaturthi, there was a big fall in the price of gold and silver again in the open market.
The Indian stock market also opened with a heavy fall on Thursday. On Thursday, both bullion market and MCX market saw a fall.
Record fall of Rs 3500 in silver
In the bullion market, there was a tremendous fall in the price of gold and silver on Thursday morning. According to the rate issued by the India Bullion Association (https://ibjarates.com), silver fell by Rs 3500 per kg to Rs 51850 as compared to Tuesday. Similarly, 24-carat gold was seen falling by Rs 787 to Rs 50401 per 10 grams.
Pressure will remain on gold and silver
Earlier on July 15, the rate of gold had gone up to Rs 50403 per 10 grams. Silver is trading at a two-year low. In the domestic market, gold on MCX was trading at Rs 50224 per 10 grams with a fall of Rs 190 at around 12 noon.
At the same time, silver for December delivery was seen falling by Rs 738 to Rs 52413 per kg. Experts are expecting that the pressure on gold and silver will remain.
According to India Bullion Association, 23 carat gold is running at Rs 50199 per 10 grams, 22 carat gold at Rs 46167 per 10 grams, 20 carat gold at Rs 37801 per 10 grams and 18 carat gold at Rs 29485 per 10 grams.
Most people buy 22 carat gold jewelery only, its rate is Rs 47548.