Gold Rate Update: Gold and silver prices reduced today, how cheap you will get – know here

Gold Silver Rate Today 7th December 2021: There is a boom in the business of gold at this time because the wedding season is going on and there is a lot of buying of gold-silver jewelry-coins etc., but today gold prices are down. Today there is a slight weakness in gold futures trading on MCX and gold rates are looking sluggish. On the other hand, silver is also seeing a decline today, whereas yesterday it had a good rise.

Know today’s price of gold and silver
On the Multi Commodity Exchange (MCX), the February futures of gold is trading at a price of 0.24 percent or Rs 47,800 per 10 grams. Silver is seeing a decline in March futures and its price remains under pressure. Silver prices are down 0.12 percent and it is trading at Rs 61,196 per kg.

How are the prices in the global market
Gold and silver prices are looking flat in the global market and despite the rise in US dollar, there was not much fall in gold and silver. Gold and silver are seen in a limited range due to the revival of US Treasury yields.

What do market experts say
On the basis of talking to the experts of the bullion market, it can be said that due to the wedding season of the country, there will be a rise in gold, but due to the volatility of the global market, there may be a period of decline.

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Shivam Bangwal

Shivam Bangwal is a young entrepreneur who is professional full time tech, travel and coding enthusiast with a post graduation degree of Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Branding Panther and Digital Leader.

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