A breakdown of about Rs 200 per kg was recorded in silver
For the last three days, the ongoing rise in the prices of gold and silver stopped on Friday and both the precious metals registered a fall in the bullion market. On the other hand, a mixed trend was seen in the rates of gold and silver in MCX market.
On Friday, there was a fall in the price of gold and silver in the bullion market. A breakdown of about Rs 200 per kg was recorded in silver. On Thursday, the 24-carat gold, which reached above 52,000, again came under 52,000.
A fall in the rate of gold was seen on the Multi Commodity Exchange (MCX) on Friday. October delivery gold was seen falling by Rs 82 to Rs 51620. Apart from this, the December delivery gold is running at 56410. Silver with September delivery is trading at Rs 55432 with a slight rise of Rs 43. Last week saw a big drop in silver.
According to the India bullion association, 23 carat gold is running at Rs 51700 per 10 grams, 22 carat gold at Rs 47548 per 10 grams, 20 carat gold at Rs 38931 per 10 grams and 18 carat gold at Rs 30366 per 10 grams. Most people buy 22 carat gold jewelery only, its rate is Rs 47548.