Gold rate today: The pressure on gold and silver continues. At this time gold has reached below 47 thousand, while silver has also slipped below 70 thousand. Due to the continued rise in the dollar, the price of gold and silver remains under pressure.
Due to the rise in the dollar, pressure on the price of gold and silver.
Gold Silver price: There is constant pressure on the price of gold and silver. At this time gold has reached below 47 thousand (Gold latest price) and weakness in it continues. At 12 o’clock in the morning, gold for delivery in August on MCX was trading down by Rs 110 at the level of Rs 46898 (Gold price today). Gold for delivery in October was trading at 47200 level with a fall of Rs 88.
Pressure is also visible in the price of silver on MCX (Silver latest price). Silver for September delivery was trading at Rs 69036 per kg with a fall of Rs 197. Silver for July delivery was down by Rs 191 to 67950 and December delivery silver was down by Rs 36 to trade at Rs 70519.
Pressure on gold and silver in the international market
There is pressure on the price of gold in the international market. At this time gold was trading at the level of $ 1776 with a fall of $ 4.75. In the international market, silver was trading at a level of $ 26.14 per ounce with a fall.
Dollar index rises
The dollar index is seeing a rise for the fifth consecutive day. At present, the dollar index is at the level of 91.933 with a gain of 0.057 points. This index shows the strength of the dollar against the world’s six major currencies. The 10-year US bond yield was also in the green at 1.485 per cent. The rise in the dollar index and yield increases the pressure on the price of gold and silver. Here the price of crude oil is showing pressure for the third consecutive day today. At this time it was trading at $ 73.88 per barrel, down by $ 0.26.
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