Gold and silver prices fell today due to the increasing crisis in West Asia. Silver prices fell by nearly ₹5,000, while gold became cheaper by ₹2,900 in early trade on MCX. Tension has increased between America and Iran in West Asia. This has led to a rise in crude oil prices and concerns about rising inflation and continued high interest rates for a long time, due to which gold and silver prices have fallen.
On MCX, gold for delivery on August 5 had closed at ₹1,52,443 per 10 grams in the previous session and opened at ₹1,49,926 today. It fell to ₹1,49,500 in early trade, a decline of ₹2,943. At 10:20 am, it was trading at ₹1,49,850, down ₹2,593 or 1.7 per cent.
City 24K 22K 18K Delhi ₹140910 ₹136600 ₹111790 Mumbai ₹148860 ₹136450 ₹111640 Kolkata ₹148860 ₹136450 ₹111640 Chennai ₹150550 ₹138000 ₹115700 Lucknow ₹149010 ₹136600 ₹111790 Kanpur ₹149010 ₹136600 ₹111790 Patna ₹148910 ₹136500 ₹111690 Jaipur ₹149010 ₹136600 ₹111790 Indore ₹148910 ₹136500 ₹111690 Bhopal ₹148910 ₹136500 ₹111
**Silver Prices**
Similarly, silver prices for delivery on July 3 had closed at ₹2,38,528 per kg in the previous session and opened at ₹2,34,009 today. It fell by ₹5,128 in early trade and touched ₹2,33,400. At 10:23 am, it was trading at ₹2,33,946, lower by ₹4,582 or 1.92 per cent.
**Bullion Market Status**
A huge fall in the prices of gold and silver was also seen in the bullion market. According to ‘Good Returns’, 24-carat gold is trading at ₹1,48,860, down ₹4,300. 22-carat gold fell by ₹3,950 to ₹1,36,450. 18-carat gold also fell by ₹3,230 to ₹1,11,640. Silver prices fell by ₹10,000 to ₹2,50,000.
