The very next day of Diwali, a big fall was seen in the prices of gold and silver. During trading on MCX on Tuesday, the price of 1 kg silver decreased by about Rs 8000 and came to Rs 1 lakh 50 thousand. On the day of Diwali i.e. 20th October, a fall of Rs 11000 was recorded in the price of silver on IBJA.
not just silver Sleep A big decline has also been seen in the price today. On MCX, the price of 10 grams of gold for December 5 futures decreased by about Rs 2500 and came to Rs 1,28,000.
Silver becomes cheaper by 20 thousand from record high
On Friday, October 17, silver rates on MCX had crossed Rs 1.70 lakh, but when the market opened on October 20, it had come down to Rs 1.53 lakh per kg. However, when trading on MCX closed yesterday, 1 kg price of silver It was beyond Rs 1.58 lakh. But today its price has fallen by more than Rs 8000 and it is trading around Rs 1.50 lakh. This means that silver has become cheaper by Rs 20 thousand per kg from the record high.
Gold price reduced by Rs 4000 from record high
Like silver, the rate of gold has also fallen from record high. On October 17, gold had made a record high of Rs 1.32 lakh per 10 grams, but today it has come down to Rs 1.28 lakh per 10 grams. That means gold has become cheaper by Rs 4 thousand in the futures market from the record high.
Silver became cheaper by Rs 11 thousand yesterday
Yesterday, the price of silver had fallen by Rs 11 thousand per kg on IBJA. At the same time, the price of gold decreased by more than Rs 4 thousand. Here 24 carat gold is at Rs 1,26,730. The price of 23 carat gold is Rs 1,26,223 per 10 grams. The price of 22 carat gold is Rs 1,22,085 per 10 grams. The price of 18 carat gold is Rs 95048 per 10 grams. The price of silver is Rs 1,60,730 per kg.
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