Assessment of the big fall in the prices of gold and silver on Sunday continues. Go-silver rates have been launched in a single day on the Malmal Falti Commodity Market (MCX). The price of silver is pledged at Rs 17000 for March 5 future. Whereas on Tuesday there was a rise of Rs 16000.
The price of silver on MCX is down by Rs 17000 to Rs 2,34,012 per kg. On the other hand, the price of gold for February 5 has increased by around Rs 1700 to at least Rs 1,34,982 per 10 grams. It is believed that this decline has happened due to recovery of announcement on the last day of the year.
How much did gold and silver become cheaper than the record high?
The record high level of silver is Rs 2,54,174 per kg, of which Rs 2,34,012 has been paid so far. This means that silver has become cheaper by more than Rs 20,000, its highest ever price. The record high level of gold is Rs 1,40,465 per 10 grams, which has become Rs 1,34,982. This means that the price of Go Hotel is less than Rs 5000.
Why is the price of gold and silver falling in France today?
Profit Integrity: The prices of gold and silver were at a record high for the last few days, due to which the girl feared that if there was a big fall in them, they might go down. In such a situation, there has been selling in gold and silver.
Friendship and Technical Correction: This year the rates of gold and silver have increased. After such a rise, the wall price has come down and due to improvement in technology the price has come down a bit.
Impact of International Market: A major reason for the reduction in the prices of gold and silver is that the prices of gold and silver have come down at the global level, because big exchanges like CME have increased the margin. Due to which traders started keeping capital and many people sold.
Dollar rise: If the dollar strengthens or global tensions ease, then there may be demand for safe investments like gold and silver, which may reduce the prices of value stocks.
Will there be momentum ahead?
A stock exchange says that gold and silver companies are still at their record high levels, but now the revolution has started. However, if you are thinking of loan investment then you can invest by buying little gold. This can be a safe investment for long term loan.
(Note- Before buying any kind of precious metal, please take the help of your financial advisor. aajtak.in does not advise any kind of investment.)
—- End —-