Top News

Gold price crash today: For the last few days, gold and silver were continuously becoming expensive. Prices were making new records every day. But as soon as the market opened on Friday, the prices of both the metals came down rapidly. Especially a huge fall was seen in the price of silver. Gold also did not lag behind and its prices also dropped drastically in one fell swoop.

Most impact on silver price

On Thursday, silver touched a very high level for the first time in history. The price of silver on Multi Commodity Exchange (MCX) had crossed Rs 4 lakh per kg. At the end of trading it closed slightly lower, but was still at the record level. As soon as the market opened on Friday, the price of silver suddenly fell. In a short time, a decline of about Rs 24 thousand was recorded. If compared with Thursday’s highest level, silver became cheaper by about Rs 44 thousand per kg in a single day. This decline was shocking for investors.

even gold could not be saved

Along with silver, there was a sharp decline in the price of gold. On Thursday, gold also went up very fast and made a new record. But its prices came down in the beginning of Friday itself.

Gold became cheaper by about Rs 8 to 9 thousand per 10 grams. If we talk about its highest level, the decline from there was even more. That means a big reduction in the price of gold was seen in a single day.

What is the main reason for the decline?

According to experts, after the rapid rise in gold and silver, investors started taking profits. When many people start selling at once, prices drop rapidly. Due to this, there was sudden pressure in the market.

Apart from this, some incidents have also had an impact at the international level. There is tension in the world, but the market environment changed slightly due to the news of the possibility of talks between America and Iran. This also affected the demand for gold and silver, which are considered safe investments.

9KT Gold for Wedding: Now it will be easy to buy gold for weddings, 9 carat gold comes in the market, know the hallmark and its real identity.

what could happen next

At present, there may be fluctuations in the market. Experts say that prices may stabilize again in future, but it is important to take a careful decision before investing. Both rise and fall in gold and silver can be seen soon.

The post Gold- Silver price crash today: Silver price fell on Friday, gold is also in bad condition, know what is the reason for this? appeared first on Latest.