Gold fell sharply last week, silver prices also decreased drastically, know the price

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(Aditya Shaw, Intern Journalist): On the last trading day of the previous week, on Friday, February 5, 2021, the gold price of futures closed at Rs 48,967 per 10 grams on MCX Exchange, a sharp fall of Rs 1937. Apart from this, the futures price of gold on April 5, 2021, closed at Rs 49,012 per 10 grams on MCX on Friday on the last trading day of the previous week. Now let us know how much the gold price has changed in the past week.

Last week, there was a huge decline in gold – Gold prices have declined last week. On Monday, January 4, the first trading day of the previous week, on February 5, 2021 futures gold on MCX opened at Rs 50,300 per 10 grams. At the same time, the price of this gold had closed at Rs 50,244 per 10 grams in the previous session. Thus, the price of this gold has dropped by Rs 1277 per 10 grams last week.

Silver also fell sharply in the previous week – On the last trading day of the last week, on Friday, March 5, 2021 futures silver prices closed with a sharp fall. This futures price of silver fell by Rs 5731 to Rs 64,231 per kg on MCX. The silver price opened on Monday, January 4 on MCX at Rs 68,499 per kg on the first trading day of the previous week. It had closed at Rs 68,123 per kg in the previous session. In this way, the price of this silver has fallen by Rs 3892 per kg in the last week.

Gold broke internationally – On the last trading day of the last week, both the spot and futures prices of gold fell drastically. Gold futures closed at $ 1835.40 an ounce, down 4.09 percent or $ 78.20 on Friday. At the same time, the global spot gold price fell by 3.39 percent or $ 64.94 to close at $ 1849.01 an ounce.

Silver broke internationally – Both futures and spot prices fell internationally on the last trading day of the previous week. On Friday, silver fell by 9.63 percent, or $ 2.62, to close at $ 24.64 an ounce. At the same time, the silver spot fell by 6.33 percent or $ 1.72 to close at $ 25.42 an ounce.