Gold and Silver Rates Fall in India
Gold and silver rates in India fell on June 15, 2023, compared to the previous day’s trading. According to the India Bullion and Jewelers Association, the price of gold stood at Rs 58,934 in the evening, down by Rs 86 from the morning’s rate. The rate of silver closed at Rs 71,062 per kg, down by Rs 359 from the morning’s rate.
Gold and Silver Rates Compared to All-Time High
Gold and silver are currently trading below their all-time high rates. Gold’s all-time high was on May 4, 2023, when it reached Rs 61,646 per ten grams. Currently, gold is selling cheaper by Rs 2,712 from its all-time high. Silver’s all-time high was on the same day, when it reached Rs 76,464. Currently, silver is trading below its all-time high by Rs 5,402.
Multi Commodity Exchange Rates
On the Multi Commodity Exchange (MCX), gold futures for August 4, 2023, are down by Rs 506.00 and trading at Rs 58,792.00 in the evening. Silver futures for July 5, 2023, are trading at Rs 71,114.00 with a fall of Rs 1537.00.
International Market Rates
In the international market, gold is trading with a fall. Today, gold is trading in the US with a gain of $ 13.19 at the rate of $ 1,932.12 an ounce. Silver is trading down by $ 0.51 at the level of $ 23.42 an ounce.
Buying Opportunity
With the fall in gold and silver rates, it may be a good time to buy. Gold is currently below Rs 60,000, providing a buying opportunity for investors.
Conclusion
Gold and silver rates fell in India on June 15, 2023, compared to the previous day’s trading. While gold is trading cheaper by Rs 2,712 from its all-time high, silver is trading below its all-time high by Rs 5,402. With the fall in rates, it may be a good time for investors to buy.
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