Gold-Silver Price Today: Gold becomes cheaper even today, silver beyond 57 thousand, check the latest rate here...
In the international market today i.e. on Tuesday 20 September, the prices of gold and silver have declined. But, where the price of gold has fallen in the Indian futures market, the rate of silver has increased. On the Multi Commodity Exchange (MCX), the price of gold (Gold Rate Today) has fallen by 0.16 percent. Silver is seeing a boom in early trading and it is trading with a strength of 0.71 percent.
On MCX, the price of 24-carat purity gold has declined by Rs 80 to Rs 49,300 per 10 grams at 9: 10 am today. Trading in gold started from Rs 49,257 on Tuesday. After some time the price reached Rs 49,410. But, later the price fell and gold started trading at Rs 49,300.
Silver shine brightly
There has been a jump in the price of silver on the Multi Commodity Exchange today. The rate of silver jumped by Rs 402 on Tuesday and it has gone up to Rs 57,086 per kg. Today trading in silver started from Rs 57,002. After some time the price increased and it started trading at Rs 57,125. But after a while due to lack of demand, silver fell and started trading at Rs 57,086.
Gold also sluggish in the international market
The price of gold fell on Tuesday in the international market. Today, the spot price of gold fell by 0.11 percent. While the price of silver also fell by 0.47 percent. The spot price of gold has gone up to $ 1,676.82 an ounce today. Similarly, today the spot price of silver has also fallen to $ 19.54 an ounce in the international market.
Spot price had fallen on Monday
On Monday, the prices of gold and silver also fell in the Indian bullion market. In the Delhi bullion market, gold closed at Rs 49,571 per 10 grams with a loss of Rs 303 on Monday. In the last trading session, gold had closed at Rs 49,874 per 10 grams. The spot price of silver fell by Rs 197 to Rs 57,090 per kg. It was Rs 57,287 per kg in the last trading session. HDFC Securities Senior Analyst (Commodities) Tapan said that fears of an aggressive interest rate hike ahead of the US FOMC meeting and the strengthening of the dollar led to the fall in gold.