Gold and Silver Rates: Gold and silver rates witnessed a fluctuation in prices during the evening trading session on June 12, 2023. The price of gold stood at Rs 59,921, registering a gain of Rs 87 between morning and evening. However, gold closed with a fall of Rs 55 per 10 grams as compared to the previous trading day. The rate of silver closed at Rs 73432 per kg, registering a rise of Rs 183 between morning and evening. Nevertheless, the rate of silver decreased by Rs 245 per kg as compared to the previous trading day.
Gold Rate Below All-Time High: Gold is currently selling cheaper by Rs 1,725 from its all-time high, which was on May 4, 2023, when it reached the level of Rs 61646 per ten grams. On the other hand, silver is trading below its all-time high by Rs 3,032, which was recorded on May 4, 2023, at the level of Rs 76464.
MCX and International Market: On the Multi Commodity Exchange (MCX), the futures trade of gold on August 4, 2023, is trading at a level of Rs 59,878.00 with a gain of Rs 57.00. However, the futures trade of silver on July 5, 2023, is trading at a level of Rs 73,716.00 with a fall of Rs 80.00. In the international market, gold is trading at a rate of $1,962.88 an ounce, with a gain of $2.73. On the contrary, silver is trading down by $0.04 at the level of $24.21 an ounce.
Opportunity to Buy Gold: With gold rates below Rs 60,000, it is a good opportunity for buyers to invest in gold. The rates have decreased, providing buyers with a chance to purchase gold at a lower price.
The fluctuation in Gold and Silver rates during the evening trading session on June 12, 2023, witnessed a fall of Rs 55 and Rs 245, respectively. Gold is currently selling cheaper by Rs 1,725 from its all-time high, while silver is trading below its all-time high by Rs 3,032. With MCX and international market rates witnessing fluctuations, buyers can take advantage of the opportunity to invest in gold at a lower price.
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