Gold-Silver Rate: How much gold has become cheaper after Diwali, silver prices also fall drastically
new Delhi. Deepawali has passed. On that day, gold crossed 51 thousand and silver 64 thousand on the Indian futures market Multi Commodity Exchange. Since then, both gold and silver have become cheaper. Since Deepawali, gold has become cheaper by about 600 rupees and silver 1200 rupees per kg. According to experts, the fall in the price of gold and silver has come due to the update of the Corona vaccine. The effect of this can be seen clearly in the futures markets along with the international market. Let us also tell you how much gold and silver prices have become after Diwali?
How much is gold cheaper?
First of all, gold has become cheaper by around 600 rupees since Deepawali. According to data received from the Multi Commodity Exchange, gold had reached Rs 51,080 per ten gram during special trading on November 14. Whereas during today’s trading session, it went down to a low of Rs 50,504 per ten grams. That is, gold has become cheaper by Rs 576 per ten grams in days.
Silver also became cheaper
On the other hand, there has been a huge decline in silver too. Even on the day of Diwali, the price of silver had crossed the level of 64 thousand rupees per kg. Since then, there has been a steady decline in the price of silver. According to data from the futures market, silver prices touched a high of Rs 64,038 per kg on November 14, while picking up the trading session today, it touched a low of Rs 62,808 per kg. That is, silver has become cheaper by now till Rs 1230 per kg.
Today, gold and silver situation in futures market
Gold today opened at Rs 50,600 per ten grams.
– While gold had closed at Rs 50,766 per ten gram on Tuesday.
Currently, gold is trading at Rs 50,575, down by Rs 191 at 10.50 am.
– Whereas today gold had also gone to the highest level of Rs 50,646.
– Silver was down today at Rs. 62,897 per kg. Silver on Tuesday closed at Rs 63,248 per kg.
Currently, silver is trading at Rs 62,940 per kg, falling by Rs 308.
During the trading session today, silver had also gone to the all-time high of Rs 63,029.
What do you know
According to Kedia Commodity Director Ajay Kedia, the effect of the Corona vaccine update is currently being seen in the price of gold and silver. This effect will continue for some days to come. At the same time, the figures of China are getting good. On the other hand, the predictions of India’s economy are also getting better. In the coming days, there may be a decline in gold and silver.