new Delhi. In January 2021, the price of gold and silver is witnessing heavy profit booking. If you are not yet able to invest in gold and silver, then this is the right opportunity. In the coming days, the price of gold and silver may see a rise in the price again. If we talk about the first two weeks of January, then gold has become cheaper by more than 1400 rupees. While the price of silver has fallen by more than Rs 3300. There has been a steep decline in the price of gold and silver in foreign markets as well. Let us also tell you what is going on in the price of gold and silver from the country to abroad.
Gold breaks nearly $ 72 in foreign markets
First thing will talk about the COMEX market, ie American market, where the prices of gold and silver are fixed all over the world. In the first two weeks of January, gold prices have fallen by $ 71.7 an ons. In fact, on January 1, gold had closed at $ 1901.60 an ons. Whereas on January 15, 2021, gold closed at $ 1829.90 per ounce. If you look at the difference between the two days, then it is only $ 71.7 per ons. On January 15, the price of gold was dropped by $ 21.50 per ons.
Silver shine faded in America
On the other hand, silver shine also faded in the US market. During the first fortnight of January, the price of silver has seen a fall of $ 1.43 an ons. When the market closed on January 1, 2021, silver was at $ 26.30 an ons. Now when the market closed on January 15, 2021, the price of silver came down to $ 24.87 an ons. That is, during this period, the price of silver has fallen by $ 1.43 per ons. While on January 15, silver has seen a decline of 3.63 percent.
How much gold has become cheaper in India
Talking about the Indian futures market, there has been a big fall in the price of gold. In the first fortnight, gold has become cheaper by more than Rs 1400 per ten grams. Talking about the data, on the Indian futures market Multi Commodity Exchange, gold closed at Rs 50,151 per ten grams on 31 December 2020. Whereas on 15 January 2021 it closed at Rs 48,702 per ten grams. That is, during this time, gold had become cheaper by Rs 1449 per ten grams. The special thing is that on the same day of January 15, gold has become cheaper by Rs 519 rupees per ten grams.
Big drop in silver price
Talking about silver at the same time, there has been a big fall in the month of January. Silver has become cheaper by over Rs 3300 per kg in the first two weeks. According to the data from Multi Commodity Exchange, silver was at Rs 68,105 per kg as on 31 December 2020. While on 15 January 2020, the price came to Rs 64,764 per kg. That is, silver prices fell by Rs 3341 per kg in these 15 days. Whereas on 15 January 2021, the price of silver was seen to fall by Rs 1703 per kg.