Gold/Silver Price Today: On the Multi Commodity Exchange (MCX), the price of August futures gold has declined by 0.41 percent. At the same time, the price of July futures silver on MCX is down 0.64 percent.
Today’s gold and silver price
Gold / Silver Price Today: On Thursday, there is a weakness in the prices of gold and silver in the Indian markets. On Thursday, on the Multi Commodity Exchange (MCX), the August futures gold price declined by 0.41 percent due to the strength of the US dollar. At the same time, the price of July futures silver on MCX is down 0.64 percent. There was a rise in the prices of gold and silver on Wednesday. The price jumped on positive global cues.
Gold Price: On MCX, August futures gold prices fell by Rs 192 to Rs 46,880 per 10 grams. This is the lowest level of 2 months in the domestic market of gold. In the international market, gold was trading lower at $ 1,775 an ounce.
Silver Price: On Thursday, July futures silver fell by Rs 438 to Rs 67,494 per kg on MCX. In the international market, silver was priced at $ 25.87 an ounce.
According to two US Fed officials, inflation may last longer than expected. The central bank can prompt them to raise interest rates. In addition to jobless claims on Thursday and consumer spending on Friday, investors’ attention has now turned to US producer price inflation data on Friday. Investors await US economic data this week to gauge inflationary pressures. Safe Haven Metal slipped in the domestic markets.
gold loan rule changed
RBI asked banks to provide an option to jewelery exporters and domestic gold jewelery manufacturers to repay part of the Gold (Metal) Loan (GML) in the form of gold. GML is paid on an amount equal to the value of the gold borrowed in Indian Rupees. The Reserve Bank has now reviewed these rules.
According to the circular of the Reserve Bank, banks should give the option of returning a part of the gold loan in the form of one kg or more gold to the creditors. However, it will have some conditions.
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