Gold and silver became cheaper due to the effect of the vaccine, know how much the price reduced
new Delhi. After the vaccination program started in Britain and the ongoing development of vaccine in America, the bullion business is witnessing a decline. The Indian futures market is also seeing pressure due to the boom in the equity market. Due to which there is a period of decline in the price of gold and silver. If we talk today, gold is trading down by more than Rs 380. While the price of silver is falling by about Rs 800. According to experts, gold traders will also keep an eye on the deal. Let us also tell you what is going on with gold and silver.
Fall in the price of gold
Today, the price of gold is falling in the Indian futures market. Currently, gold is trading down by Rs 399 at Rs 49710 per ten grams at 10.50 am. Whereas gold was opened at Rs 49850 today. Also, during the trading session, gold had fallen to a low of Rs 49634. On Tuesday, gold had closed at Rs 50109 per ten grams. Let us tell you that in the month of December, there has been a rise in the price of gold. In November, gold had gone to the level of 47 thousand rupees.
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Silver also became cheaper
On the other hand, silver has also seen a decline in the Indian futures market. At present, silver was trading down by Rs 853 to Rs 64339 per kg at 53 pm. While today silver opened with a fall of 64521 rupees. During the trading session, silver prices went up to Rs 64163 per kg. On Tuesday, silver had closed at Rs 65192 per kg. Let us tell you that there has been a steady rise in the price of silver. Whereas in the month of November, silver had gone to the level of 59 thousand rupees.
Gold and silver in foreign markets
If there is a slight decline in the prices of gold and silver in foreign markets. Currently, gold is trading at $ 1864 an ons on the Comex, falling by about $ 11 an ons. Whereas in the month of November, gold went below the level of $ 1750 an ons. Talking about silver at the same time, it is trading at $ 24.47 an ounce, falling by 1.10 percent. Whereas in the month of November, silver came down to $ 22 an ons.
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