The fall in gold prices has been recorded in the past week. On the last trading day of the week on Friday, February 5, 2021 futures gold fell by Rs 519 to Rs 48,702 per 10 grams on the MCX exchange. Apart from this, the futures price of gold on April 5, 2021 fell by Rs 514 to close at Rs 48,715 per 10 gram on the last trading day of the previous week. Let us know how much the gold price has changed in the last week.
Gold fell last week
Last week, the price of gold has declined. On Monday, January 11, the first trading day of the previous week, gold prices on MCX opened on February 5, 2021 futures at Rs 48,786 per 10 grams. At the same time, the price of this gold had closed at Rs 48,967 per 10 grams in the previous session. Thus, the price of this gold has declined by Rs 265 per 10 grams last week.
On Friday, the last trading day of the previous week, on March 5, 2021 futures silver fell by Rs 1919 to Rs 64,764 per kg on MCX. The silver price opened on MCX on Monday, January 11 at Rs 63,603 per kg on the first trading day of the previous week. It closed at Rs 64,231 per kg in the previous session. In this way, the price of silver rose by Rs 533 per kg in the previous week.
Gold breaks 8400 rupees from its previous high
Gold prices have fallen much more than their previous highs. On February 5, 2021, the previous high of gold prices of futures was seen on August 7, 2020. In this session, the February 2021 futures gold had closed at Rs 57,100 per ten gram. If we compare it with the current price, the price of this gold has been broken by Rs 8,398 compared to its previous high level.
Silver lost Rs 14,400 compared to previous high
Like gold, the current prices of silver have also come down significantly from their previous highs. The previous high level of silver was seen on 10 August 2020. In this session, the price of silver in March 2021 futures closed at Rs 79,147 per kg. In this way, the price of silver has been broken by Rs 14,383 in the last five months.