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Gold Price Today, 05 May 2021: Gold becomes cheaper by Rs 9300, know what is the latest rate in the bullion market

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Gold, Silver Rate Update, 05 May 2021: Gold has once again slipped below Rs 47000 per 10 grams. Today the silver July futures have started. However, the business seems to be almost flat. Prices of gold and silver have also fallen in the bullion market today.

MCX Gold: On Monday, gold and silver traded strongly, but on Tuesday the decline returned. On Tuesday, the futures of gold on MCX closed at 46870 level with a weakness of 450 rupees. Today there is a dull start in gold.

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Gold trick this week

Day gold (MCX June futures)
Monday 47319/10 grams
Tuesday 46871/10 grams
Wednesday 46900/10 grams (trading in progress)

Last week’s gold move (April 26-30)

Day gold (MCX June futures)
Monday 47462/10 grams
Tuesday 47303/10 grams
Wednesday 47093/10 grams
Thursday 46726/10 grams
Friday 46737/10 grams

Gold is cheaper by around Rs 9300 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. Last year, gold gave a return of 43%. If compared to the highest level, gold is broken up to 25%, gold is at the level of Rs 46900 per 10 gram on MCX, which is still getting cheaper by Rs 9300.

MCX Silver: As far as silver is concerned, the silver May futures closed at close to Rs 70,000 with a strength of Rs 2460 on Monday. But on Tuesday it lost half its lead. May futures of silver fell by Rs 1300 to close at the level of Rs 69550. Today the silver July futures have started.

Silver move this week

Day Silver (MCX – May Futures)
Monday 69871 / kg
Tuesday 69441 / kg
Wednesday 69479 / kg (July futures – trading continues)

Silver move last week (April 26-30)

Day Silver (MCX – May Futures)
Monday 68680 / kg
Tuesday 68958 / kg
Wednesday 67786 / Kg
Thursday 67474 / kg
Friday 67524 / kg

Silver cheaper by Rs 10400 from its highest level

The highest level of silver is Rs 79,980 per kg. According to this, silver is also cheaper by 10,400 rupees than its highest level. Today, the silver futures are at 69580 rupees per kg.

Gold and silver in bullion market

According to the India Bullion and Jewelers Association ie IBJA, gold and silver prices have also decreased in the bullion market. Today, the rate of 10 grams of gold in the bullion market is Rs 46767, which was Rs 46968 yesterday. Similarly, today the rate of silver in the bullion market is Rs 69030 per kg, which was Rs 70205 per kg yesterday, ie both silver and gold have become cheaper in the bullion market today.

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