Gold / Silver Rate Today: On Thursday, the price of gold futures (Gold Rate) on Multi Commodity Exchange (MCX) fell by 0.73 percent. At the same time, the silver futures price of March fell by 1.73 per cent.
Gold and Silver Rate Today: Due to the declining trend in prices internationally, gold is trading in Indian markets with weakness on 4 February. On Thursday, the price of gold futures (Gold Rate) on Multi Commodity Exchange (MCX) fell by 0.73 percent. At the same time, the silver futures price of March declined by 1.72 per cent. Let us tell you that there is pressure on gold and silver by the government to cut import duty on gold and silver.
Gold and Silver Rates (Gold and Silver Rates on 4 February 2021) – On Thursday, the Multi Commodity Exchange (MCX) on February gold futures fell by Rs 350 to Rs 47,400 per 10 grams. At the same time, the price of one kilogram of silver slipped by Rs 1,180 to 67,385 rupees. Gold and silver prices have broken due to the rise in the dollar.
Gold and silver price in Delhi bullion market on Wednesday
On the third day of the week, the price of gold in the Delhi bullion market has come down by Rs 232 (Gold rate today) and the price of silver by Rs 1955 (Silver rate today). Today, the price of ten grams of gold in Delhi has fallen to Rs 47387 to ten grams. Earlier on Tuesday, gold was at Rs 47619 per 10 grams.
Silver also fell by Rs 1955 to Rs 67,605 per kg. Silver on Tuesday was 69,560 rupees per kg.
Declaration to reduce import duty
Explain that the Finance Minister has announced a huge cut in import duty on gold and silver in the budget. There is a 5 percent reduction in import duty on gold and silver. At present, 12.5 percent import duty has to be paid on gold and silver. Only a 7.5 percent import duty will have to be paid after deducting 5 percent. Due to this, the prices of gold and silver are falling.
