Top News

Gold-Silver Rate Today In India: A big and heavy fall has been recorded in the prices of gold and silver in the Indian domestic futures market on Friday morning. This huge pressure is clearly visible due to weak global signals and continuously strengthening US dollar. Along with this, rapidly increasing inflation in major economies has also become a major reason for this huge decline.

This morning, the futures price of gold on MCX decreased by 0.25 percent and it fell directly to Rs 1,59,202 per 10 grams. On the other hand, a big decline of 0.43 percent has also been recorded in the futures price of silver. After this, silver is continuously trading at a very low level of Rs 2,73,690 per kg.

condition of international market

Internationally also, spot gold has fallen 0.4 percent to $ 4,522.89 an ounce. So far this entire week, a big fall of about 0.3 percent has been seen in the prices of gold. US gold futures fell 0.4 percent to $4,524.40 an ounce.

Along with gold, the prices of silver in the international market have also been badly affected. A big and huge fall of 0.7 percent has been clearly seen in spot silver prices. After this huge fall, silver has fallen to a low of $ 76.18 per ounce.

US dollar strength

These days the US dollar is hovering rapidly near its highest level in the last six weeks. Due to this huge strength of the dollar, it has become very expensive for those buying other currencies to buy gold. There has been huge pressure on gold in the international market since the start of the US-Iran war.

The huge rise in crude oil prices has made the dollar very strong. This conflict in the Middle East has intensified speculation about increasing interest rates by the US Federal Reserve. Gold is an asset on which investors never get any additional interest.

Big opinion of experts

Experts believe that the Federal Reserve and the Reserve Bank of India may increase interest rates this year. According to Reuters, there is a 60% strong chance that the Fed will raise interest rates by December. Due to this fear, the prices of precious metals are continuously falling in the global market.