Gold Price Today, 04 June 2021: There is a big fall in the prices of gold and silver. Gold futures and silver futures on MCX closed down 2 per cent yesterday.
Gold, Silver Rate Update, 04 June 2021: There was a huge fall in the prices of gold and silver yesterday, even today the futures markets have started with a fall in both the metals. On MCX, silver closed down more than two and a half percent yesterday, while gold futures have fallen by about two percent.
MCX Gold: August futures running above Rs 49,000 per 10 grams suddenly broke yesterday. Due to this sudden fall in gold on Thursday, the rate fell by Rs 48530 per 10 grams, finally gold August futures closed with a fall of Rs 924. Even today, gold futures have started with a sluggishness. If the fall of the last two days is combined, then gold has broken up to Rs 1000 per 10 grams.
gold trick this week
Day Gold (MCX June Futures)
Monday 48821/10 grams
Tuesday 48995/10 grams
Wednesday 49601/10 grams (August Futures)
Thursday 48677/10 grams (August Futures)
Friday 48620/10 grams (August Futures, Trading Continued)
Last week gold move
day gold (MCX June futures)
Monday 48553/10 grams
Tuesday 48867/10 grams
Wednesday 48784/10 grams
Thursday 48581/10 grams
Friday 48542/10 grams
Gold cheaper by about Rs 7600 from the highest level
Last year, due to the Corona crisis, people had invested heavily in gold, in August 2020, the price of 10 grams of gold on MCX reached the highest level of Rs 56191. Today gold is at the level of Rs 48620 per 10 grams on August futures MCX, that is, it is still getting cheaper by Rs 7600.
MCX Silver: Similarly, there is a huge fall in silver too. On Thursday, the July futures of silver broke more than two and a half percent, till Tuesday and Wednesday, silver was trading above 72,200, but after the fall of about Rs 2000 per kg on Thursday, the price has now come down to the level of 70,600. Even today silver has started with a weakness of Rs 150.
Silver move this week
Silver Day (MCX Jul – Futures)
Monday 71898/kg
Tuesday 72248/kg
Wednesday 72678/kg
Thursday 70810/kg
Friday 70670/kg (Trading Continues)
Silver move last week
Silver Day (MCX Jul – Futures)
Monday 71811/kg
Tuesday 72140/kg
Wednesday 71411/kg
Thursday 71719/kg
Friday 71611/kg
Silver cheaper by Rs 9300 from its all-time high
The highest level ever of silver is Rs 79,980 per kg. Accordingly, silver is also cheaper by about Rs 9300 from its highest level. Today, July futures of silver are at Rs 70670 per kg.
