.jpg)
Gold and Silver Prices Fall on Dussehra: MCX Gold Near ₹1.46 Lakh, Silver Below ₹2.10 Lakh
Gold Silver Price Today: Despite Middle East tensions and a surge in crude oil prices, gold and silver prices fell in the domestic and global markets on Dussehra. Why are gold and silver prices falling during the festive season? Learn from experts.
The prices of gold and silver dropped in both the domestic as well as international market because of increasing tension in the Middle East region and increase in the prices of crude oil. The moment Multi Commodity Exchange (MCX Gold Silver Price) started trading at 5 pm on Dussehra, the price of gold was found falling to ₹1.45 lakh and similarly that of silver had fallen to ₹2.09 lakh per kilogram.
Similarly in the international market (gold silver price comex), till 5 pm, the price of gold was found falling to $4,135 per ounce and that of silver was found to be falling to around $57 per ounce whereas the price of crude oil went up above $111 per barrel.
The price of gold for December Delivery on the Multi Commodity Exchange became cheaper by Rs 1485 (gold price crash) than the previous day and the price of gold fell to the lowest level of Rs 1,45,781 per 10 grams (gold price today). During this period, the highest level was Rs 1,46,715. While till the time of publishing the news, it was found trading at Rs 1,46,609 (gold rate today).
