Silver rates in Indore bullion market reached Rs 85100 per kg. Symbolic picture
Highlights
The rate of gold in Indore bullion market was Rs 73400 per ten grams. The rate of gold in Ratlam bullion market was Rs 73700 per 10 grams. The rate of gold in Ujjain bullion market was Rs 73500 per 10 grams.
Naiduniya representative, Indore. There has been some decline in the prices of gold and silver in Indore bullion market of Madhya Pradesh. On Wednesday, gold fell by Rs 200 in Cadbury cash and reached the rate of Rs 73400 per ten grams. Silver fell by Rs 900 in Chaurasa cash and reached Rs 85100 per kg.
Gold and silver rates in Indore bullion market
In Indore Sarafa, the rate of gold Cadbury Rava in cash was Rs 73400, gold (RTGS) Rs 73500, gold (91.60 carat) (RTGS) Rs 67100 per ten grams. The rate of gold on Tuesday was Rs 73600.
The rate of silver chaurasa cash was Rs 85100, silver chaurasa (RTGS) was Rs 85300, silver tanch was Rs 85100 per kg. In Indore Sarafa, silver coin was sold for Rs 950 per piece. On Tuesday, the rate of silver chaurasa cash was Rs 86000.
Gold and silver rates in Ujjain bullion market
In Ujjain Sarafa, the rate of gold standard was Rs 73500, gold rawa was Rs 73400, silver pat was Rs 85300, silver tanch was Rs 85200. Silver coin was sold at Rs 1000 per piece.
Gold and silver rate in Ratlam Sarafa
In Ratlam Sarafa, the rate of silver Chaursa was Rs 86000, silver Tancha was Rs 86100, the rate of gold standard was Rs 73700 to Rs 73650. (RTGS rate).
Rates had reached a height a day earlier
The prices of precious metals had reached a high point in the international bullion futures market a day earlier. In such a situation, buyers of gold and silver are retreating. Big investors and speculators are also engaged in profit booking by selling.
Trading remained sluggish in bullion markets
Due to this, the gold and silver futures market collapsed on Wednesday. On Comex, gold futures fell by six dollars to trade at $2519 per ounce and silver futures fell by 16 cents to trade at $29.59 per ounce. Its effect was also seen on the Indian markets. However, as there is no special customer time in the Indian markets at present, the business in the bullion market is sluggish.
The market is completely based on international markets. Jewelers believe that until the situation regarding reduction in interest rate becomes clear, speculators will continue to play the game of bull and bear.
Gold futures on Comex traded at $2519 then $2507 and down to $2506 per ounce, while silver traded at $29.59 then $29.51 and down to $29.32 per ounce.