Big fall in the prices of gold and silver, know how much gold and silver became cheaper today

Today, on August 5, the prices of gold and silver have fallen. As soon as the market opened on Monday, the price of gold fell by Rs 693. The price of silver has fallen by Rs 1765. Yesterday the price of gold was Rs 70,392 per 10 grams.

today gold and silver price

According to the India Bullion and Jewelers Association, the price of 24 carat gold today is Rs 69,699 per 10 grams. On Friday, gold closed at Rs 70,392. At the same time, the price of silver has also fallen sharply today. The price of silver has seen a decline of Rs 1765 today. The rate of one kg of silver with 999 purity is Rs 81,736. By the time the market closed on Friday, the price of silver was Rs 83,501. If we talk about 22 carat 10 grams of gold, then its price is Rs 63,844.

So far this year, gold prices have increased by Rs 6,347 per 10 grams. It was at Rs 63,352 at the beginning of the year which is now at Rs 69,699 per 10 grams. Meanwhile, silver was at Rs 73,395 per kg at the beginning of the year. It has now reached Rs 81,736 per kg. Silver has increased by Rs 10,106 this year.

today gold and silver price

Let us tell you that according to experts, there can be an increase in the prices of gold and silver. Experts say that there are 8 major festivals from August to December. Apart from this, there are also weddings in November-December. In such a situation, the record of gold prices can be broken this time. According to the World Gold Council, the demand for jewelery, gold bars and coins will increase by December. Due to which there can be a rise in the prices of gold.