New Delhi. In the last few days, gold prices have been continuously moving upwards. This increased the concern of those who bought gold. Now, the figures that have come from the Multi Commodity Exchange i.e. MCX on Thursday, gold is expected to become cheaper. Talking about MCX, the gold futures of October delivery have fallen by Rs 125. 24 carat 10 grams of gold on MCX was 112430. At the same time, in December contract, the price of gold fell by Rs 147 and it stood at Rs 113500 per 10 grams. The price of gold in the international market is $ 3768.50 an ounce.
On the other hand, there was a boom in silver futures. According to MCX data, silver increased by Rs 124 in December delivery and its price increased to Rs 134126 per kg. Whereas, in the contract of March 2026, the price of silver also increased by Rs 147. Silver prices reached Rs 135563 per kg in March contract. The price of silver in the international market remains at $ 44.19 an ounce. Let us know that in the last one year, investment in the Indian stock market did not benefit people due to turmoil. At the same time, those investing in silver have benefited up to seven times. The figures at the moment are indicating that silver can be more expensive.
The ongoing war between Russia and Ukraine leads to tension in the Middle East due to military action in Europe and Israeli. Apart from this, the enthusiasm of investors has increased towards gold and silver due to decrease in jobs in the US and reduced interest rates by the Federal Reserve. Also, big countries like China and India have bought a lot of gold in the past. Right now there are festivals like Dussehra and Diwali, so the wedding season is going to start in November. Because of this, the price of gold and silver is high. In such a situation, if the price of gold declines, then it will give a lot of relief to the common people.
