Apart from gold, if we talk about the prices of silver, then there is a bullish trend here. Silver for July delivery was trading higher by Rs 154 at Rs 67,386 per kg at 11.45 am.
The trend of falling gold prices continues. Talking about the month of June only, till now the prices of gold have come down by Rs 2700. At the same time, a declining trend in gold prices is also being seen in Wednesday’s trading session. On the Multi Commodity Exchange MCX, gold started with a rise of Rs 39 but soon it turned into a fall of Rs 45. At 11 o’clock in the morning, gold prices on MCX were down by Rs 45 to trade at Rs 46,510 per 10 grams.
Apart from gold, if we talk about the prices of silver, then there is a bullish trend here. Silver for July delivery was trading higher by Rs 154 at Rs 67,386 per kg at 11 am.
bullion market condition
Earlier, in the trading session of Tuesday, gold had closed in the bullion market. On Tuesday, gold fell by Rs 89 to Rs 46,167 per 10 grams. HDFC Securities gave this information. Due to this, gold had closed at Rs 46,256 per ten grams in the previous trading session. Silver also declined by Rs 222 to Rs 67,926 per kg. In the last trading session, its closing price was Rs 68,148.
Gold has become cheaper by Rs 10,000 than the record
The gold prices had set a record last year during Corona and it went up to the level of Rs 56000. Now it has come down by about Rs 10,000 from the record high. Talking about this month only, gold prices have come down by Rs 2700. Experts believe that further decline can be seen in gold. At present, there is neither any festive season nor any wedding ceremony in India. Along with this, the effect on the gold market is also being seen due to the implementation of hallmarking rules. Due to this, the prices of gold and silver will remain stable or fall in the coming time. Investors of India are still waiting for gold and silver prices to fall further. As soon as the decline starts rapidly, the purchase of gold and silver will increase.