(Kajal Singh, Intern Journalist): Today, the prices of precious metals, both gold, and silver, have come down and you can get them at a cheaper price.
New Delhi: Today good news has come about the price of gold and a drop in the price of gold has been seen. Apart from this, the business of silver is also seen sluggish and the prices of silver have also come down. Gold-silver spot business is likely to start from June 1 and then gold-silver prices are expected to rise.
Gold and silver prices fell on MCX
Today, gold and silver prices are seen cheap on Multi Commodity Exchange i.e. MCX. The impact of global signals is being seen on the price of both precious metals. The strength of the dollar is seen to have a negative impact on gold and silver.
Gold prices in the futures market today
Weakness is seen in the price of gold since this morning and the gold futures business is trading in red mark. If you look at the future contract of gold on June 5, 2020, it is trading down by 0.70 percent. Gold prices have come down from 46,000 and today gold remains at Rs 45,999 per 10 grams.
Gold mini has also come down
Gold Mini’s futures contract is also seen to decline. On June 5, 2020, the price of Gold Mini is trading down by 0.61 percent and is visible at Rs 46,110 per 10 grams.
Sluggish in silver prices too
Today, futures trading in silver is also seen to decline and silver prices have become cheaper. Looking at the futures trading of silver on July 3, 2020, it is trading at Rs 47525 per kg, down 0.62 percent.
Silver Mini prices also fall
Today, the price of the silver mini has also come down and it has come down to 0.60 per kg. Silver Mini futures trading price of 30 June 2020 is currently trading at Rs 47911 per kg.
The price of gold and silver has been steadily rising and in May, gold touched a new high, breaking the record. On May 18, the price of gold reached Rs 47861 per 10 grams. Let the experts know that by Diwali this year, gold is expected to cross the price of Rs 50,000 and by next March, the price of gold has gone up to Rs 80,000 per 10 grams.