Before Diwali-Dhanteras, huge fluctuations are being seen in the prices of gold and silver. Sometimes the shine of gold and silver fades and sometimes it seems to increase. Within a few hours the prices are falling by several thousand rupees. In such a situation, opportunities seem to be emerging in the market for buyers. Recently, a slight increase was seen in the commodity market after the prices reached a one-year low, but then a decline was recorded. Today on Wednesday 4th November, as soon as MCX opened, a fall in gold and silver was seen. Within 50 minutes of market opening, a fall of about Rs 1,000 was seen in silver, while after the fall in gold, recovery and a very slight rise was seen.
A big fall was seen in gold and silver yesterday on Tuesday. The prices on MCX had fallen to about Rs 8 thousand.
Prices fell by Rs 8 thousand in 9 hours
The domestic commodity market opened at 9 am and by 6 pm, a fall of about Rs 8,000 was seen in the prices of gold and silver. On MCX, gold for delivery on December 4 had fallen significantly after touching a high of Rs 1,39,421. It was seen trading at Rs 1,38,545, down about 1.17 per cent or Rs 1,641 from the opening price. These prices are at around 6 pm on Tuesday evening.
Talking about silver, silver for delivery on December 4 was seen trading at Rs 1,77,472, down by 3.43 per cent or Rs 6,307. Till 6 pm on Tuesday evening, in the day’s trading, silver had touched a high of Rs 1,82,887, while it had also reached a low of Rs 1,75,251.
Fall in gold and silver prices and latest prices of major cities including Delhi-Mumbai.
How much will gold and silver fall today on 4th November?
Fluctuations are being seen in the prices of gold and silver today also on Wednesday. Today, on November 4, gold opened with a decline on MCX, but within a short time, it was seen trading at a price of Rs 1,39,762 with an increase of 0.22 percent or Rs 316. At the same time, silver for delivery on December 4 was seen trading at a price of Rs 1,78,650 with a fall of about Rs 1,000.
What is the price of gold and silver in your city today?
The prices of gold and silver are also going up and down in the bullion market. On Wednesday, 4th November, the average price of 24 carat gold in the country was Rs 1,38,360 per 10 grams. 22 carat gold is being sold at the price of Rs 1,26,720 per 10 grams. If we talk about silver, it is running at Rs 1,77,210 per kg.
Latest price of 24 carat gold in your city
The price of 24 carat gold in Delhi, Jaipur and Lucknow is Rs 1,39,800 per 10 grams. Its price in Vadodara and Ahmedabad is Rs 1,39,700. Whereas in Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Coimbatore and Madurai, 24 carat gold is Rs 1,39,650 per 10 grams.
Latest price of 22 carat gold in your city
The price of 22 carat gold in Delhi, Jaipur and Lucknow is Rs 1,28,160 per 10 grams. Its price in Ahmedabad and Vadodara is Rs 1,28,060. In Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Coimbatore and Madurai, the price of 22 carat gold is recorded at Rs 1,28,010 per 10 grams.
Latest price of 18 carat gold in your city
18 carat gold is priced at Rs 1,04,890 in Delhi, Jaipur and Lucknow, Rs 1,04,790 in Vadodara and Ahmedabad and Rs 1,04,760 per 10 grams in Chennai, Coimbatore and Madurai. Its price in Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune is Rs 1,04,740 per 10 grams.
What is the opinion of experts on gold and silver?
Experts said that due to Comex gold sliding towards the level of $ 3,910 per ounce and continuous profit booking, there is pressure on gold. The ongoing pressure on gold has taken prices close to the oversold zone, although any concrete recovery will depend on new buying and global cues.
He further said that this week the market will keep an eye on important developments related to the US, especially the US elections, unemployment data and ‘non-farm payroll’ data, which can provide more clarity about the future policy stance of the Fed. Technically, the level of Rs 1,42,000 per 10 grams remains a major resistance zone. In the near term, it will be important for prices to remain above this level for gold to recover.
Read also | Shortage of 10, 20 and 50 rupee notes before Diwali? Know the truth about RBI’s viral circular
Source: ndtv.in
