Winning Bizness Desk
Mumbai. The price of gold and silver are declining and according to the website of India Bullion and Jewelers Association (IBJA), gold has come down to 51 thousand in the bullion market and thus gold has become cheaper by Rs 288 to Rs 51,167. However, there was a slight rise in gold in the futures market on Tuesday. Gold is trading at Rs 51,049 with an increase of Rs 79 on MCX at 2 pm.
Silver also weakened
If we talk about silver, then it has become cheaper by Rs 317 in the bullion market and has come to Rs 62,471 per kg. However, at 2 pm on MCX, it was trading at Rs 62,644 with an increase of Rs 975 on Tuesday.
Gold arrived at $ 1,849 in the international market
Talking about the international market, gold has come down to US $ 1,848.86 per ounce. On the other hand, talking about silver, it is trading at $ 21.84 an ounce.
Find out the gold rate by giving a missed call
You can easily find out the price of gold and silver sitting at home. For this, you just have to give a missed call on the number 8955664433 and the message will come on your phone. Here you can check the latest rates.
Why are gold prices falling?
According to experts, investors and traders in the US are awaiting the details of the Federal Open Market Committee (FOMC) meeting. In this situation, the strengthening of the dollar led to the fall in gold prices. However, in view of rising inflation, gold may again see a rise in the coming days.
