Good news on gold and silver: Good news on gold and silver came before Karva Chauth, know how much gold has become cheaper?

Less than 24 hours remain until Karva Chauth, and there's some good news for the general public regarding gold and silver. Gold and silver prices have fallen from record highs in the country's futures market. Gold and silver prices had reached record levels both internationally and in India. This led to profit-booking by investors on Thursday. There's another reason behind this.

Experts believe that geopolitical and trade tensions haven't changed. Both remain unchanged. The dollar index is also declining, which should have benefited gold and silver prices. But that's not happening. Now, investors have started to profit from gold and silver, leading to a decline in prices. Let's take a look at the price changes from the international market to the Indian futures market.

How much has gold become cheaper on MCX?
Although gold prices have risen by more than 50% in the country's futures market this year, a significant drop is being seen ahead of Karva Chauth. At 11 am, gold prices fell by Rs 129 to Rs 1,23,080 per ten grams. During the trading session, gold prices fell by Rs 1,098 to Rs 1,22,111. A day earlier, gold prices closed at Rs 1,23,209. On Wednesday, gold prices reached a record high of Rs 1,23,450. Consequently, on Thursday, gold prices fell by Rs 1,339.

Silver prices also declined.
On the other hand, silver prices have also seen a significant decline. According to data from the Multi-Commodity Exchange, silver prices have fallen well below their record levels. At 11 am, silver prices fell by ₹887 to trade at ₹1,48,968 per kilogram. During the trading session, silver prices fell by ₹5,955 to reach a low of ₹1,43,900. However, a day earlier, on Thursday, silver prices had reached a record high of ₹1,50,282. This means that silver prices have fallen by ₹6,382.

Gold prices are cheaper in foreign markets.

Gold prices are also declining in foreign markets, but they remain above the $4,000 mark. Gold futures on the Comex market are trading at ₹4,055.10 per ounce, down ₹15.40. Significantly, gold futures have already seen a 55% increase in the current year. Meanwhile, gold spot prices remain above $4,000. Data shows that spot gold prices are trading at $4,036.19 per ounce, down nearly $6 per ounce. Gold prices are also declining in the European market, falling by 10 euros to 3,465.67 per ounce. Furthermore, gold prices in the UK are trading at 3,008.25 pounds, down more than 7 pounds per ounce.

Silver Prices in Foreign Markets

Silver spot prices are rising. According to Bloomberg data, silver spot prices are up 0.42 percent to $49.13 per ounce, while silver futures prices are down more than 1 percent to $48.47 per ounce. Silver prices are rising in Europe and the UK. According to data, silver is trading at 42.1632 euros, up 0.32 percent in European markets. In British markets, silver is trading at 36.5865 pounds per ounce, up 0.32 percent.

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