Gold prices fall further, Rs 9200 is getting cheaper! Know today’s latest rates
Gold, Silver Rate Update, 02 September 2021: Gold and silver are trading almost flat today. Gold remains above Rs 47,000, but silver is showing more lethargy.
New Delhi: Gold, Silver Rate Update, 02 September 2021: October futures of gold on MCX traded with a lot of volatility on Wednesday. But in the end gold futures once again closed flat. During the intraday, gold futures also slipped below Rs 47,000 and went above 47200, but closing was only above Rs 47000 per 10 grams. Even today gold seems to be trading completely flat. Prices still remain around 47000.
Gold moves this week (August 30-September 3)
Day          Gold (MCX October Futures)
Monday      47164/10 grams
Tuesday      47120/10 grams
Wednesday   47068/10 grams
thursday      47065/10 grams (Trading on)
Last week’s gold movement (23-27 August)
Day          Gold (MCX October Futures)
Monday      47584/10 grams
Tuesday      47612/10 grams
Wednesday   47179/10 grams
Thursday     47237/10 grams
Friday       47538/10 grams
Gold move two weeks ago (August 16-20)
Day          Gold (MCX October Futures)
Monday     47225/10 grams
Tuesday     47280/10 grams
Wednesday  47132/10 grams
Thursday    47169/10 grams
Friday      47158/10 grams
Gold cheaper by around Rs 9200 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. Now gold October futures are at the level of Rs 47000 per 10 grams on MCX, that is, it is still getting cheaper by about Rs 9200.
Silver moves on MCX
Now talk of silver, December futures of silver closed on a good edge on Wednesday. Silver futures closed with a strength of Rs 480 per kg. In intraday silver futures also came out above Rs 64,000 and also slipped below 63,000. Today silver futures is trading flat.
Silver move last week
Day        Silver (MCX Sept – Futures)
Monday    62927/kg
Tuesday    63474/kg
Wednesday 63272/kg
Thursday   62723/kg
Friday      63585/kg
silver trick two weeks ago
Day         Silver (MCX Sept – Futures)
Monday      63457/kg
Tuesday      63226/kg
Wednesday   62483/kg
Thursday    62133/kg
Friday       61721/kg
Silver cheaper by Rs 16000 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 16000 from its highest level. Today silver December futures are at Rs 63840 per kg.
gold and silver in bullion market
There was not much change in the prices of gold and silver in the bullion market on Wednesday. On Wednesday, gold was sold at Rs 47279 per 10 grams, while on Tuesday the price was Rs 47239 per 10 grams. Similarly, silver was sold on Wednesday at Rs 63072. Whereas on Tuesday the price was Rs 63402.
