On June 14, the Central Bank of America did not make any change in the interest rates. This was the first time after 15 months that the US Fed kept the policy rate stable, but gave such a statement for the future that there was a furore in the gold market around the world. The US Fed said that even though we are not increasing the interest rates this time, but by the end of this year the Fed will increase the interest rates two more times. The surprising thing is that the interest rates are not going to come down in the year 2024, either the Fed's stance will remain stable or it will be hawkish. Since then, the fall in gold and silver prices in the futures markets from America to India is not taking the name of stopping. Gold prices have come down to a two-month low.
Gold prices fell in America
Gold prices are falling in the futures market of America, the world's largest economy. According to the data, the gold futures price on Comex has become cheaper by $ 21 per ounce and the price is at $ 1,948.20 per ounce. This means that there is a decline of more than one percent in the price of gold futures. At the same time, the spot prices of gold have already come down significantly. Which are currently trading at $ 1,935.08 per ounce, down by $ 8 per ounce.
If we talk about silver, there is also a decline of more than 2 percent in it. Talking about the figures, silver futures on Comex were trading down by 2.34 per cent at $23.54 an ounce, while silver spot prices were down by 1.87 per cent at $23.47 an ounce. According to experts, further decline can be seen in the coming days.
Gold in india at two month low
On the other hand, the price of gold has declined on India's futures market Multi Commodity Exchange. At present, gold prices have come down to a two-month low. Talking about the figures, the price of gold is trading at Rs 58,855 per ten grams with a decline of Rs 443 in the futures market at 9.95 am. While gold opened at Rs 59,210 today. 58,836 during the 35-minute trading session. In the month of May, the price of gold had reached very close to 62 thousand rupees.
Silver fell by about Rs 1350
On the other hand, silver prices have crashed on the Multi Commodity Exchange. Silver is trading at Rs 71,300 with a fall of Rs 1350 in 35 minutes of trading in the morning. By the way, it had reached Rs 71,283 during the trading session. Today, Silver opened at Rs 72,549 in the commodity market. For some time, there has been a continuous decline in the silver price. In the last one month's business, a decline of more than Rs 5 thousand has been seen in silver. The chances of coming down further are visible.
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