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New Delhi. Gold and silver prices continued to fall on Monday also. Gold became cheaper by Rs 4800. At the same time, a fall of up to Rs 31,800 was seen in silver. Price volatility continues.

Read :- Gold-Silver Price Today: Bullion market boomed before the budget, silver slipped by Rs 27000, gold became cheaper by Rs 13000.

On MCX, the price of gold fell by Rs 4,817 to Rs 1,37,400 per 10 grams. A decline of 3.39 percent was recorded. Whereas silver became cheaper by Rs 31,878 and came to Rs 2.33 lakh per kg. A decline of 12 percent was recorded in this.

Gold and silver prices declined in the international market

Spot gold slipped by about 4% in the international market in early trading on Monday, while silver also declined by around the same amount. However, after falling by 12%, silver remained above the level of $ 80 an ounce. Earlier in the session, silver had recorded the biggest intraday fall so far, which is considered to be the sharpest fall in the last 10 years.

What is the reason for the decline?

Read :- Gold-Silver Rates Today: Gold and silver prices surged on Friday, silver fell by Rs 24000, gold became cheaper by Rs 8000.

In the last one year, gold and silver prices had reached record highs, which surprised even experienced investors. This rise was further intensified in January, when investors turned to gold and silver as safe investments amid global tensions, weakening currencies and concerns about the independence of the US Federal Reserve.

The major reason for the recent decline is believed to be the news that came out on Friday, in which it was said that US President Donald Trump is planning to nominate Kevin Worsh as the Fed Chair. After this news, the dollar strengthened and the sentiment of those traders who were expecting a soft dollar weakened.

Gold price in domestic market

In the country’s financial capital Mumbai, 24 carat gold is being sold at around Rs 1,47,970 per 10 grams.

The price of gold in Kolkata is around Rs 1,47,780.

Read:- The movement of silver is surprising, the price increased by Rs 10 thousand in a day, the rate increased by Rs 1 lakh more in a month.

In Delhi, 24 carat gold was recorded at Rs 1,47,720 per 10 grams.

Gold prices remain the highest in cities of South India.

Gold in Chennai Rs 1,48,400

Rs 1,48,210 in Hyderabad

In Bangalore it is at the level of Rs 1,48,090 per 10 grams.

price of silver in domestic market

Read :- Silver Price Crash: Silver fell by Rs 21 thousand in an hour, know why there was an earthquake in prices after record high?

Silver prices also remain high in major cities.

Silver has reached Rs 2,66,020 per kg in Mumbai.

Its price in Delhi is Rs 2,65,560.

Silver in Chennai Rs 2,66,790

Rs 2,66,440 in Hyderabad

It is trading at Rs 2,66,230 per kg in Bangalore and around Rs 2,65,660 per kg in Kolkata.

Read :- Gold Silver Rate Today: Rise in gold and silver, know the rate before buying.