new Delhi. If you want to invest in gold and silver on the day of Makar Sankranti, then there is a good chance for you. Both the gold and silver are seeing a big decline in the Indian futures market. Where gold is trading down by more than 400 rupees. At the same time, the price of silver is falling by more than 800 rupees. Whereas in foreign markets gold has come down to $ 1850 an ons. While trading at $ 25.28 per ons. According to experts, the equity market abroad is in boom, due to which the trend of investors in gold is less.
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State of foreign markets first
First of all, in the foreign markets, gold is trading at $ 1839.60 per oz, down by $ 15.30 per ounce in the US Comex market. Whereas in London, gold is trading at 1349.39 pounds per ounce, falling by 3.54 pounds. At the same time, it is trading at 1515.27 Euros / ons with a fall of 2.41 Euros / ons. On the other hand, in the US, it is trading at $ 25.28 an ons, down by 1.14 percent. Europe is trading at 20.74 euros an ons and London at 18.47 pounds an ons.
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Gold prices cheaper in Indian futures market
At the same time, gold is trading at cheaper rates in the Indian futures market. Currently, gold is trading at Rs 48640 per ten gram, falling by Rs 456 per ten gram at 10.20 pm. Whereas gold opened at Rs 49000 per ten gram today and reached the day’s low with Rs 48789 per ten gram. While on Wednesday, gold had closed at Rs 49305.
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Silver prices also fall
On the other hand, when we talk about silver, the futures market is witnessing a decline. Currently, silver is trading at Rs 65170 per kg with a fall of Rs 851 per kg in the last 20 minutes. Whereas silver fell by Rs 65055 per kg on the trading day to the trading level today. While on Wednesday, silver reached the level of Rs 66021 per kg.
Source: Patrika : India's Leading Hindi News Portal by www.patrika.com.
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