Mumbai, 23/12 (AO Bureau): The fall in gold-silver prices in the international market has had a direct impact on the Indian markets. Gold and silver prices saw a decrease in bullion markets today. After yesterday’s decline, even today gold and silver are trading under pressure. On 23 December 2020, Gold was trading at Rs 50047.00 per 10 grams on Multi Commodity Exchange (MCX), falling by about Rs 34.00. At the same time, silver was trading at Rs 66728.00 per kg, falling by Rs 143.00.
Price may decrease further due to the boom in the stock market
These days the stock market is touching new heights every day. Axis Securities believes that there will be pressure on gold in the coming time, due to which its prices are unlikely to increase very much.
The mild increase in the price of gold in the international market
If seen in the international market, there was a slight increase in the price of gold on Wednesday. Spot gold climbed 0.2 percent to $ 1863.83 an ounce, while US Gold Future fell 0.1 percent to $ 1868.10 an ounce. The holding of SPDR Gold Trust, the world’s largest gold ETF, declined by 0.20 per cent to 1167.53 tonnes. It was 1169.86 tonnes on Tuesday. Meanwhile, silver rose one percent to reach $ 25.83 an ounce.