On the day of Akshaya Tritiya, the demand for gold remains high, which increases its price often, but today there has been a big decline in the gold price. From the multi -commodity market (MCX) to the Indian Bullier’s market, the price of yellow metal has also come down by Rs 9500. At the same time, silver price has also fallen. After all, why is the price of gold and silver declined today?
Why the fall in gold and silver prices?
Recently, due to increasing tension between America-China, there was a big bounce in the price of gold and gold had crossed Rs 1 lakh per 10 grams, but now the price of gold is being seen. Because there are signs of softening under the US and China.
Due to this, gold demand has decreased as safe investment and the price of gold is being seen. Now investors are eyeing the important American economic figures coming this week.
Gold by Rs 1900 on MCX
The price of gold on the multi -commodity market (MCX) for the June 5 expiry (Gold Price Today) reached Rs 1900 to Rs 93687 per 10 grams. At the same time, the price of gold was cut by about 500 rupees yesterday. That is, the prices of MCX are falling for two consecutive days.
About 4 thousand rupees cheap silver
Along with gold, there has been weakness in the price of silver. Today there has been a big fall in silver and the price of silver for futures on 4 July on MCX has come down by Rs 3406. The price of silver here has reached Rs 94712 per 10 grams today. Whereas yesterday the price of silver rose by 200 to 300 rupees.
Gold-cylver rate in bullion market
According to the Indian Bullion Market, the 24 carat gold price has come down to Rs 96,011 to Rs 94361 last evening. Yesterday evening 22 carat gold was Rs 87,946 per 10 grams, which has now reduced by Rs 1511 to Rs 86,435. 18 carat gold was Rs 72008 yesterday evening, which has come down by Rs 1300 to Rs 70771 per 10 grams today.
How much gold has increased in 10 years?
Can gold come up to 87000 rupees?
Devaya Gaglani, senior research analyst of Axis Securities, said that gold has been profitable for investors in the first four months of 2025. Prices have increased by about 25%, which is said to be the strongest start of the last decade. The expert says that if the gold then reaches above 1 lakh, then it can go up to 1 lakh 10 thousand, but if there is a decline, then up to Rs 87000 per 10 grams can come.