Gold Price Today on 25th July 2024: Since the budget, the fall in the prices of gold and silver is not stopping. Finance Minister Nirmala Sitharaman had announced the reduction of custom duty on gold and silver in the full budget presented on July 23. Since then, the prices of these precious metals are falling continuously. On Thursday also, gold and silver were seen trading with a decline in the domestic market. Futures prices were seen trading with a decline on Thursday evening. Let us know what the prices are.
Gold became very cheap
On the MCX exchange, on Thursday evening, gold for delivery on August 5, 2024 was seen trading at Rs 67,849 per 10 grams with a decline of 1.60 percent or Rs 1103. At the same time, gold for delivery on October 4, 2024 was seen trading at Rs 68,215 per 10 grams with a huge drop of 1.78 percent or Rs 1237.
Silver also saw a huge drop
Along with gold, silver prices have also seen a huge drop. On Thursday evening, silver for delivery on September 5, 2024 on the MCX exchange was seen trading at Rs 81,147 per kg with a drop of 4.41 percent or Rs 3747.
Global gold prices fell
Global gold prices also saw a decline on Thursday evening. On Comex, gold was seen trading at $2,416 an ounce with a huge drop of 1.95 percent or $48. At the same time, the price of gold spot was seen trading at $2367 an ounce, down 1.25 percent or $30.
Global prices of silver also fell
The global prices of silver on Comex were seen trading at $27.75 per ounce on Thursday evening, down 5.36 percent or $1.57. On the other hand, the price of silver spot was seen trading at $27.57 per ounce, down 4.63 percent or $1.34.
