Gold Price Today, 16 April 2021: Gold slides marginally, but prices still Rs 9200 lower

Gold, Silver Rate Update, 16 April 2021: Prices of gold and silver are seemingly growing at a quick tempo. On the Multi Commodity Exchange of India Limited (MCX), gold has breached the Rs 47000 mark whereas silver is buying and selling at above Rs 68000. Gold and silver have not too long ago additionally develop into dearer within the bullion market within the ongoing week. But at present they’re buying and selling within the crimson zone.  

MCX Gold: The yellow steel’s prices elevated as a lot as Rs 560 per 10 gram to 47175 yesterday. Today, gold has fallen by over Rs 100 but is still buying and selling at ranges above Rs 4700. In this week, gold prices have general elevated by Rs 650. 

Gold is buying and selling Rs 9200 lower than its all-time excessive achieved final 12 months when buyers turned to safer funding at a time public markets crashed on account of Covid-19 fears. Gold hit an all-time excessive of Rs 56191 in 2020, and gave a formidable 43% returns to buyers. 

Gold prices this week 

Day                      Gold (MCX June supply)      
Monday              46419/10 gram
Tuesday              46975/10 gram
Wednesday         46608/10 gram
Thursday            47175/10 gram 
Friday                 47070/10 gram (presently buying and selling)

Gold prices final week

Day                    Gold (MCX June futures)      
Monday              44598/10 gram
Tuesday              45919/10 gram
Wednesday         46362/10 gram
Thursday            46838/10 gram 
Friday                 46593/10 gram

MCX Silver: Much like Gold, Silver additionally carried out very nicely over the past hours of yesterday’s commerce. The May contract displayed a formidable efficiency to shut at Rs 68500 per Kg. Silver prices reached as excessive as Rs 68785 per Kg yesterday. 

But at present, the May contract priced took a slight hit, because the silver prices fell by Rs 150 and had been buying and selling at round Rs 68400 per kg. Silver is still buying and selling Rs 11580 lower than its all-time excessive at round Rs 66,100 per Kg. 

Silver prices this week 

Day                  Silver (MCX June futures)      

Monday           66128/Kg
Tuesday           67656/Kg
Wednesday      67638/Kg
Thursday         68540/Kg 
Friday              68400/Kg (presently buying and selling)

Silver prices final week

Day                 Silver (MCX June futures)      

Monday          64562/Kg
Tuesday          65897/Kg
Wednesday     66191/Kg
Thursday        67501/Kg
Friday             66983/Kg
 

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