After applying the tariff of Donald Trump, today i.e. on Thursday, April 3, there is a big decline in gold-silver rate. The price of Silver on Multi Commodity Market (MCX) has decreased by more than Rs 4000. At the same time, the price of gold has also declined. This decline came after American President Donald Trump exempted Gold-Silver from tariff.
Talking about silver on MCX, today its price has fallen by Rs 4025 and the rate of a KG, Silver has been reduced to Rs 95728. The price of gold has fallen by about Rs 848 per 10 grams. Gold has come to Rs 89880 by Rs 848 today. Right now this decline is increasing gradually. It is expected that by the time the commodity market is closed, the prices of Son-silver will decrease further.
What is the rate of gold and silver in bullion market
In the morning, the price of gold in the Indian bullion market increased. The rate of 24K Gold was Rs 91205. At the same time, the price of 22k gold was Rs 83544 per 10 grams. Apart from this, the price of gold with 750 postures was Rs 68404 per 10 grams. At the same time, there was a big decline in the price of silver price. During the morning trading, Silver fell from Rs 2200 to Rs 97300 per kg.
Silver rates crossed 1 lakh on March 28
On March 28, the price of silver crossed 1 lakh rupees. A day before that, on 27 March, one kilo of silver price reached 1 lakh 1 thousand. However, since then it has seen a decline and during a week it has reduced more than 4000 rupees.
Gold prices continuously boom
The price of gold is being seen continuously. Gold rates have climbed more than 1000 rupees since March 28. However, there has been a big fall in its price on MCX today.
Why did gold-silver prices fall?
Trump’s tariff is due to a major fall in gold and silver prices. Trump has imposed a tax of 27 per cent on the goods imported under the reciperook tariff on India. But Gold-Silver is kept out of this category, due to which its price has come down.