Gold MCX Price: For the past few days, gold and silver prices have been fluctuating daily. Gold rates have fluctuated, sometimes dropping, rising. The fluctuating rates have left people extremely confused. Gold and silver prices surged during Diwali and Dhanteras, but after the festivals ended, they gradually declined. In just the past week, silver prices have fallen by more than ₹8,000 per kg. The cost of gold has also declined. The 24-carat gold rate has fallen to ₹1,648 per 10 grams.
Gold and Silver Prices Fall
Gold and silver prices have fallen sharply over the past week. On the MCX exchange, the price of 24-carat gold, expiring on December 5th, is still down by ₹8,009 from its high of ₹1,32,294. Last Friday, it closed at ₹1,24,195 per 10 grams. Meanwhile, gold prices in the domestic market have fallen significantly over the past week.
According to the Indian Bullion Jewellers Association’s website, IBJA.com, the price of gold in the domestic market has fallen by ₹1,648 over the past five trading days. On November 14th, 10 grams of 24-carat gold closed at ₹1,24,794, and on Friday evening, November 21st, the closing price was ₹1,23,146 per 10 grams. Similar declines have been observed in other quality gold prices as well.
Friday Gold Rate
24-carat gold ₹1,23,146/10 grams
22-carat gold ₹1,20,190/10 grams
20-carat gold ₹1,09,600/10 grams
18-carat gold ₹99,750/10 grams
14-carat gold ₹79,430/10 grams
Silver prices have fallen sharply, both on the Multi-Commodity Exchange and in the domestic market. The MCX silver futures price, which was ₹1,56,018 a week ago on November 14th, fell to ₹1,54,052 last Friday.
