Gold-Silver Price Today 4th june 2020: Unlocked between the wedding season, now gradually the bullion market in India is starting to shine. Today, on June 4, Thursday, there is a huge decline in the spot prices of gold and silver in the bullion market. Gold has become cheaper from 22 carat to 24 carat. Silver has also become cheaper at Rs 655 per kg. The website of the India Bullion and Jewelers Association (ibjarates.com) updates their average price. According to ibjarates, gold-silver rates were as on 3 June 2020
|Metal||Rate of 3 June (Rs / 10g)||Rate of 3 June (Rs / 10g)||Rate change (Rs / 10g)|
|Silver 999||47640 Rs / Kg||48295 Rs / Kg||655 Rs / Kg|
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This morning, the price of 24 carat gold is seen to fall by Rs 404 per 10 grams. With this, gold has come to Rs 46441 per 10 grams. At the same time, after the fall of Rs 655 per kg in silver, it has now come to Rs 47640. A softness of 402 rupees is being seen in 23 carat gold i.e. gold 995. With this, the price of 23 carat gold has come down to Rs 46255, while the price of 22 carat gold has come down by Rs 370 to Rs 42540 per 10 grams. It does not have GST.
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According to Rajesh Khosla, media in-charge of the India Bullion and Jewelers Association, Delhi, ibja shows the average price of gold and silver from 14 centers across the country. Khosla says that the current rate of gold-silver or, say, the spot price may be different at different places but there is a slight difference in their prices.
Rise in gold futures prices
On Thursday, gold prices rose by Rs 52 to Rs 46,060 per 10 grams in futures trade on speculators buying fresh deals due to strong spot demand. In August, gold for delivery in MCX rose by Rs 52, or 0.11 per cent, to Rs 46,060 per 10 grams, with a business turnover of 14,643 lots.
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Gold for delivery in October rose by Rs 95, or 0.21 per cent, to Rs 46,229 per 10 grams, with a business turnover of 5,381 lots. Market analysts said fresh buying by traders mainly led to rise in gold futures. However, gold declined 0.06 percent to $ 1,703.80 an ounce in New York.
Silver futures fall on weak global cues
Silver prices fell by Rs 364 to Rs 48,090 per kg on Thursday in futures trade due to weak global cues. At the Multi Commodity Exchange, silver for delivery in July fell by Rs 364, or 0.75 per cent, to Rs 48,090 per kg. It traded for 11,460 lots.
Similarly, the delivery price of silver in September was down by Rs 379, or 0.77 per cent, to Rs 48,906 per kg. It traded for 1,246 lots. Market analysts said a weak trend in overseas markets mainly put pressure on silver prices in the domestic market. Meanwhile, silver fell 0.60 percent to $ 17.85 an ounce in the New York international market.