In view of the rise in the price of gold for a long time, people have lost hope of buying gold. Now big news has come for him. In fact, the decline in the prices of gold and silver has been filed in the Indian markets today. October gold futures on MCX have fallen by 0.5 per cent to Rs 53,313 per 10 grams. At the same time, silver futures have come down by 0.8 percent to Rs 68,938 per kg.
In the last two sessions, gold prices had increased by Rs 1,300 per 10 grams while silver had increased by Rs 2,100 per kg. Now talk about global markets, due to the weak US dollar here, gold prices have reached above the major level of $ 2,000 an ounce. In addition, spot gold was up 0.1 per cent at $ 2,002.12 an ounce. Now, of the other precious metals, silver rose 0.6 percent to $ 27.82 an ounce, while platinum rose 0.2 percent to $ 958.33. The dollar index has also fallen this time in the 6th session.
It has come at a low level of about two years. US dollar gold is made less expensive for holders of other currencies. This year, the price of gold in Indian markets has increased by about 40 percent, which is going to show the rise in global rates and the fall in the rupee against the US dollar.
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