look news india
There is a big fall in the prices of gold and silver from New York to Indian markets. Within 15 minutes of the opening of India’s Multi Commodity Exchange, gold prices jumped by Rs 150. While the price of silver fell by Rs 900. 1200 was reduced. According to experts, due to the strength of the dollar index, there is a big fall in the prices of gold and silver. The dollar is strengthening after the victory of Donald Trump.
Gold prices fall on MCX
A big fall was seen in gold prices on the Multi Commodity Exchange on the first trading day of December. Within 15 minutes of opening of the gold market, Rs 900 fell. According to the data, the price of gold has reached an intra-day low of Rs 76,201 per ten grams during the trading session. Whereas on Friday the price of gold was seen at Rs 77,128. At 9.20 am, the price of gold fell by Rs 834 per ten grams to Rs 76,294 per ten grams.
Silver prices also declined
On the other hand, a decline is also being seen in the price of silver. On the Multi Commodity Exchange, silver price fell by Rs 1,175 to Rs 90,034 per kg within 10 minutes. If we look at the data, the price of silver was Rs 91,209 when the market closed on Friday. Whereas today it closed at Rs 90,555. However, at 9.20 am the price of silver fell by Rs 974 to Rs 90,235.
condition of foreign markets
There is a huge decline in the price of gold in foreign markets also. According to the data, gold futures on Comex are trading at $ 2,648.50 an ounce, down by $ 33 an ounce. The spot price of gold fell by $ 16 an ounce to $ 2,627.07 an ounce. In the European market, gold prices are trading with a slight increase of 3 Euros at 2,496.26 Euros per ounce. At the same time, silver futures on Comex were down by 1.42 percent at $ 30.67 an ounce. While the spot price of silver is trading at $ 30.23 an ounce with a decline of 1.28 percent.