Gold-Silver Update Rate: Gold has become so cheap in 6 days, know today’s latest rate

Nirmala Sitharaman presented the first budget of Modi 3.0 on 23 July, in which the duty on gold was reduced from 15 percent to 6 percent. After this, there was a sharp decline in the price of gold. On the day of the budget itself, gold became cheaper by Rs 4000 per 10 grams and even after this, the rate of gold continuously decreased. Along with gold, the rate of silver also decreased.

Although the price of gold and silver has been increasing for the last few days, but still gold is below its all-time high level. Today, gold is trading at an increase of Rs 659 per 10 grams on MCX. On the other hand, silver has become costlier by Rs 1468 per kg on Friday. It is believed that such a big increase in gold and silver on Friday i.e. 2 August has come due to the fall in the American and Indian stock markets.

Gold and silver prices on MCX today
Here gold has become costlier by Rs 659 for October 4 futures and has reached Rs 70613 per 10 grams. While there has been a big jump in the price of silver. Silver has risen by Rs 1437 to Rs 84031 per kg for September 5 futures. During the day’s trading, silver also touched the level of Rs 84157 per kg on MCX.

Gold became so cheap in 6 days
The price of gold on MCX was Rs 73216 per 10 grams on 22 July, but now it has become Rs 70620 per 10 grams. That is, it is still cheaper by Rs 2,600 per 10 grams in 6 business days. Talking about silver, silver was Rs 89203 per kg on 22 July, which is currently Rs 83968 per kg. In such a situation, silver is cheaper by Rs 5,235 per kg in 6 business days.

Bullion market gold and silver prices
According to the India Bullion and Jewelers Association, today the rate of 24 carat gold is ₹ 70475 per ten grams. Talking about Thursday, gold closed at Rs 69721. Silver prices have also seen a slight increase today (Friday). Silver rates have seen an increase of Rs 78 today. The rate of one kilogram of 999 purity silver is Rs 83542. The rate of silver was 83464 till the market closed on Monday. On the other hand, if we talk about 22 carat 10 grams gold, its price is 64555. Similarly, the prices of gold and silver have increased today on the basis of purity.