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Gold and silver prices have been falling for five days

Bijaya Laxmi by Bijaya Laxmi
January 29, 2021
in Business
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Gold and silver prices have been falling for five days
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New Delhi / Bhubaneswar: Gold and silver prices in the country have been falling for the fifth day in a row. Gold prices on the M4XX or M6 commodity exchanges fell 0.33 per cent today to Rs 7,802 per 10 grams. Similarly, the price of silver fell by 1 per cent to Rs 75.7 per kg. Gold prices fell 0.11 percent and silver fell 0.4 percent yesterday. Last August, the gold price hit a record high of Rs 57,300. So the price of gold is now around Rs 4,500 less than that price. In the international market, gold prices fell 0.3 percent to $ 1,937.21 an ounce today. Silver also fell 0.2 percent to $ 25.18 an ounce, while Platinum fell 0.2 percent to $ 1,083.6 an ounce. According to the World Gold Council, in 2020, the world’s gold demand was the lowest in the last 11 years. Last year, gold demand in the world fell by 17 percent compared to 2016 to 3,758.6 tonnes. For the first time since 2008, gold demand has been below 7,000 tons. Gold and silver prices have also fallen in Bhubaneswar. The price of 22 carat gold has fallen by around Rs 1,300 in the last week. Some major showrooms on Thursday had gold prices at Rs 80 per 10 grams and silver at Rs 400 per 10 grams

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