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Gold prices on the Multi Commodity Exchange are trading at Rs 59,409 per 10 grams, down 0.02 per cent. Apart from this, the price of silver fell by 0.09 percent to Rs 71201 per kg.
The Fed Reserve statement showed the effect
Gold and silver prices continue to fall after the statement of the governor of the Fed Reserve in America. The Fed Reserve has indicated an increase in interest rates, due to which gold and silver are becoming cheaper in the domestic and international markets. A statement was issued on behalf of Michel Bowman, in which he said that interest rates may rise further to curb inflation.
There is also a slowdown in the global market
If we talk about the global market, there is a softening in bullion prices. The price of gold on Comex has fallen and slipped below $1970. Similarly, the price of silver has also decreased. Silver has settled at $23.20 an ounce on Comex.
Check the rates on this number
You can also check the price of gold at your home. According to the Indian Bullion and Jewelers Association, you can check the price by just giving a missed call to 8955664433. Your message will be delivered to the same number you sent the message from.
Check the accuracy from the app as well
If you are also going to buy gold in the market, buy gold only after seeing the hallmark. You can also use the official app to check the purity of gold. Through ‘BIS Care App’ you can check the purity of gold whether it is real or fake. Apart from this you can also complain through this app.
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