Gold Silver Price Today: Gold is at a low of 5 months, The price has fallen below 50 thousand, Check today's latest rates here..

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The effect of a big fall in the prices of gold in the global market was also visible on the Indian futures market on Thursday and the price of gold went down to a low of almost a year. Silver is also showing a fall of more than Rs 400 today. Gold futures of 24-carat purity fell by Rs 250 to Rs 49,958 per 10 grams this morning on the Multicommodity Exchange (MCX). Earlier, trading in gold had started openly at the level of 50 thousand, but due to the slowdown in demand and fall in the global market, soon the futures price went below 50 thousand. Gold is currently trading at a decline of about 0.5 percent from its previous closing price.

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Big fall in Silver
On the lines of gold, there is a big fall in the futures prices of silver today. On MCX, the futures price of silver fell by Rs 480 in the morning to Rs 55,130. Earlier, trading in silver started openly at the level of Rs 55,450, but soon the pressure of global market started showing. Silver is currently trading at a decline of 0.88 percent from its previous closing price.

Prices at one year's low in the global market
There is a big fall in the price of gold in the global market today and its price has gone down to a low level of almost a year. The price of spot gold in the US market was $ 1,691.40 an ounce this morning, which is the lowest level since August 2021. Gold is currently trading 0.20 percent lower than its previous closing price. In the global market, the spot price of silver also fell to $ 18.62 an ounce today, which is 0.39 percent lower than the previous closing price.

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What will be the future?
The effect of the increasing strength of the dollar in the global market is visible on the prices of gold and silver. Under its pressure, the price of gold has gone down to a one-year low. In fact, right now investors are investing in dollars only, while they are selling in gold. After the increase in import duty on gold by the government in the Indian market, its consumption has declined. There is also pressure on the prices due to low demand and the pressure on gold prices will continue till the global market rises again.