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On Thursday, a huge decline is being seen in the prices of gold and silver on MCX. Today, the price of silver is seeing a decline of more than Rs 2000 and it has come down below Rs 91,000 per kg. Apart from silver, a big decline is also being seen in the prices of gold in the futures market and this decline continues as compared to yesterday's rupee. It has become cheaper by Rs 600. It has come close to 72,400.
Tremendous fall in silver
A huge fall was seen in the prices of silver as soon as the market opened on Thursday, May 23, 2024. In the futures market, silver today fell by Rs. 2,274 compared to yesterday. 90,739 per kg. On Wednesday, silver closed at Rs 93,013 per kg.
gold also became cheaper
Apart from silver, a huge fall is also being seen in the price of gold on MCX. On Thursday, gold on MCX fell by Rs 636 per 10 grams to Rs 72,410 per 10 grams compared to yesterday. On Wednesday, 24 carat gold closed at Rs 73,046 per 10 grams.
Know the prices of gold and silver in major cities
| Delhi | 24 carat gold Rs 73,570 per 10 grams | Silver: Rs 92,500 per kg |
| Mumbai | 24 carat gold Rs 73,640 per 10 grams | Silver Rs 92,500 per kg |
| Kolkata | 24 carat gold Rs 73,420 per 10 grams | Silver Rs 92,500 per kg |
| Chennai | 24 carat gold Rs 73,640 per 10 grams | Silver Rs 97,000 per kg |
| Pune | 24 carat gold Rs 73,420 per 10 grams | Silver: Rs 92,500 per kg |
| Jaipur | 24 carat gold Rs 73,570 per 10 grams | Silver: Rs 92,500 per kg |
| Noida | 24 carat gold Rs 73,570 per 10 grams | Silver: Rs 92,500 per kg |
| Lucknow | 24 carat gold Rs 73,570 per 10 grams | Silver Rs 92,500 per kg |
| Patna | 24 carat gold Rs 73,470 per 10 grams | Silver Rs 92,500 per kg |
| Gurugram | 24 carat gold Rs 73,570 per 10 grams | Silver Rs 92,500 per kg |
Gold and silver are quite cheap even in the international market
Like the domestic market, a huge drop has been observed in the prices of gold and silver in the international market as well. On Thursday, gold June futures on COMEX fell by $23.83 to $2,358.42 an ounce. At the same time, the May futures contract on COMEX fell by $0.70 to $30.22.
