Gold Price Today: Gold is the cheapest in the global market in 9 months, the price has also decreased in India, check today’s latest rate

Highlights

Gold is trading today 0.10 percent below its previous closing price.
Silver is currently trading 0.58 percent lower than its previous closing price.
The value of the US dollar has reached the top of 20 years in the forex market today.

New Delhi. The effect of a big fall in gold prices in the global market was also visible on the Indian market on Tuesday morning and the futures price of gold came close to 50,600. The price of gold in the global market has gone down to a 9-month low.

On the Multicommodity Exchange (MCX), the futures price of 24 carat purity fell by Rs 44 to Rs 50,595 per 10 grams in the morning. Earlier, trading in gold started openly at Rs 50,680, but soon the prices fell further, due to which the futures prices went below Rs 50,600. Gold is trading today 0.10 percent below its previous closing price.

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big fall in silver
On the lines of gold, there is a big fall in the prices of silver today. On MCX, the futures price of silver fell by Rs 330 to Rs 56,595 per kg in the morning. Earlier, trading in silver started openly at the level of Rs 56,777, but due to sluggishness in demand, the price soon went down further. Silver is currently trading 0.58 percent lower than its previous closing price.

Gold at 9 month low in global market
With the fall in the Indian market, the price of gold has also come down in the global market. The spot price of gold in the US market reached $ 1,734.97 an ounce, which is the lowest since September 2021 at $ 1,722.36 an ounce. This means that the price of gold in the international market has gone down to a nine-month low. Earlier this year, gold had even crossed the price of $ 2,000 an ounce.

While there was a decline in gold, the spot price of silver rose 0.30 percent to $ 19.14 an ounce in the global market. Apart from this, the spot price of platinum also declined by 0.7 percent to $ 863.82 an ounce.

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Why is the broken sentiment and what is the future ahead
The US dollar has reached a 20-year high in the forex market today, which had an adverse effect on the price of gold and with a big fall, gold went to a nine-month low. Experts say that as the crisis in the global market subsides and trade improves, the strength of the dollar will also decrease and then the price of gold will start to bounce again.

Tags: Business news in hindi, gold investment, Gold Price Today, Silver Price Today

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