Despite entering the good times and Muhurats, the Gold and silver rates are coming down in a phased manner.
Gold December futures contracts at MCX opened 0.83% or Rs 615 lower at Rs 72,867 per 10 gram on Today, while silver December futures contracts were trading at Rs 88,032/kg, down by 0.1.31% or Rs 1,165.
In this week so far, Gold prices have fallen by Rs 3,400/10 grams while silver prices fell by Rs 3,200/kg in the same period.
On Wednesday, gold and silver were on a weaker note. People were expecting the gold and silver to touch a lakh of Rupees in this season but they are coming down. Silver is hovering around 88000 per KG while the Gold is hovering around Rs 75000 per KG.
The rise of rate was expected for both the precious metals but the rates are tumbling.
