Gold / Silver Rate Today: On Wednesday Multi Commodity Exchange (MCX), February gold futures (Gold Price Today) price has strengthened by 0.36 percent. At the same time, the silver futures price of March (Silve Price Today) has recorded a jump of 1.67 percent.
Gold / Silver Rate Today:
After the steep decline in the last two days, on Wednesday, the price of gold and silver (Gold / Silver Rate Today) is seeing a rise. On Wednesday, Multi Commodity Exchange (MCX), gold price futures of February (Gold Price Today) has strengthened by 0.36 percent. At the same time, the silver futures price of March (Silve Price Today) has recorded a jump of 1.67 percent. Explain that due to reduction in import duty on gold and silver by the government, the prices of gold have fallen by Rs 1,800 in the last two sessions.
Gold and Silver Price –
.On Wednesday, the Multi Commodity Exchange (MCX) on February gold futures prices rose by Rs 174 to Rs 47,925 per 10 grams. At the same time, the price of one kilogram of silver jumped by Rs 1,125 to Rs 68,666. Let me tell you that in the last two sessions, the price of silver was broken by 8 per cent i.e. Rs 6,000 per kg.
Gold prices rose 0.4 per cent to $ 1,844.48 an ounce in the global market due to the strong dollar. Similarly, silver rose 3.2 per cent to $ 27.25 an ounce.
Price drop in bullion market
In the domestic bullion market, both gold and silver precious metals declined on Tuesday. On Tuesday, the spot price of gold declined by Rs 480 in the national capital. Gold fell to Rs 47,702 per ten grams due to this fall.
At the same time, the domestic spot price of silver recorded a tremendous fall on Tuesday. A sharp fall of Rs 3,097 was recorded in the spot price of silver. Due to this decline, the price of silver has been reduced to Rs 70,122 per kg.
Will get a chance to buy cheap gold ahead
According to market experts, this decision of the government will enable the common man to get gold up to 1000 rupees per ten grams cheaper. The common man will also get the benefit of relief from the finance minister to the jewelery industry. According to Singhal, by reducing import duty, customers will get benefit of about Rs 1,000 per 10 grams.
