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Gold Price Down: Gold became even cheaper; Gold and silver prices fell sharply today

Story Highlights
  • Uncertainty in commodity markets has hit gold and silver today.
  • Gold prices fell for the fifth straight session today.
  • On the Multi Commodity Exchange, gold traded at Rs 46,983 on Wednesday.

Uncertainty in commodity markets has hit gold and silver today. Gold fell by Rs 300 and silver by Rs 1,000 today on profit-taking by investors. The gold price has come down to Rs 47,000 per 10 grams.

The price of gold has come under pressure to make a profit. Today is the fifth consecutive session Falling gold prices Is done. Gold has lost Rs 1,300 in five sessions. On the Multi Commodity Exchange, gold fell by Rs 308 to Rs 46983 on Wednesday. Silver also declined by Rs 10,058 to Rs 67,881 on the MCX.

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According to the Goodreturns website, the price of 22-carat gold in Mumbai today is Rs 44,790 while the price of 24-carat gold is Rs 45,790. The price of 22-carat gold in Delhi today is Rs 45,990. Gold for 24 carats is priced at Rs 50,170. Today, the price of 22-carat gold in Chennai is Rs 44,640 and 24-carat gold is Rs 48,700. In Kolkata, 22-carat gold is priced at Rs 46,740 and 24-carat gold is priced at Rs 49,440.

Global commodity markets also witnessed a fall in gold prices. Gold is trading at ६ 1767.76 an ounce. It has declined by 0.5 percent. Silver is trading at. 26.25. According to commodity analysts, spot gold will remain at १७ 1,760 for some time to come.

Meanwhile, the situation is deteriorating (India coronavirus) as the number of corona patients in the country is increasing. States are facing shortages of oxygen and medicines. Against the backdrop of all this, Prime Minister Modi today called a high-level meeting ( pm Modi chairs meeting ) Took. In this meeting, they reviewed the health facilities ( covid 19 situations) Took. Prime Minister Modi ordered the speedy expansion of health facilities. The meeting with senior officials discussed the availability of oxygen and medicines along with health facilities.

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