Gold and Silver Prices Fall in India Amid Decline in Demand

Today, on Friday, June 19, the price of gold and silver is falling in the country. Gold and silver prices have also fallen in the Indian bullion market as well as on the Multi Commodity Exchange (MCX). Gold has become cheaper by about Rs 1593 per 10 grams and silver by about Rs 6057 per kg on the MCX. Today, the price of silver is also showing a big decline. Silver exchange-traded funds (Silver ETFs) have seen a sale of up to 5 percent today. Silver has also broken down on the MCX to around Rs 2,37,620 per kg. The price of silver today remains between 2,38,700 rupees per kg to 2,59,900 rupees per kg in all cities of the country. The price of gold and silver had reached its record level during the last few days in the Indian markets. Now the wedding season has been postponed to some extent, which has led to a decline in such prices. In addition to the profits, investors are raising interest rates.