Gold prices have risen in the past few days, but today (Tuesday) gold prices have fallen. Gold has become cheaper on both MCX and Indian Bullion Market. On September 17, gold was trading at Rs 73,276 per 10 grams on MCX and silver was trading at Rs 89,383 per kg.
Gold on MCX is so cheap today
In the multi-commodity market, the price of gold and silver (gold-silver rate) rises or falls every day. Even today, the gold price on MCX has changed. After rising in the previous few days, the gold price fell by Rs 226 today. At the same time, the silver price also fell by more than Rs 200.
Gold prices also fell on the gold market
Apart from the multi-commodity market, gold has also become cheaper in the Indian bullion market. The price of 10 grams of gold was Rs 73,489 yesterday evening and has dropped to Rs 73,276 per 10 grams today evening. This means that the price of gold has fallen by Rs 213. The price of silver was Rs 87,537 per kg on Tuesday and was trading at Rs 88,314 per kg the day before. This means that the price of silver has fallen by Rs 777 in a day.
Gold and silver became so expensive in 10 days
Talking about the past 10 days, according to MCX data, the prices of gold and silver have increased. On September 6, the price of gold was Rs 71,624 per 10 grams, and now it has changed to Rs 73,276. If you look at it this way, gold has increased by Rs 1,652 in 10 days. Talking about silver, it was Rs 82,757 per kg on September 6, and today it has increased to Rs 89,383 per kg. Accordingly, silver has increased by Rs 6,626 in 10 days.
It is worth noting that the price of gold and silver changes every day. The price of gold and silver is determined based on the bullion market. However, production fees and excise taxes are added to the price of gold and silver in jewelry stores. This then determines the price of any jewelry. People are often advised to distinguish between the real and fake when buying gold or silver.
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