Gold Prices Down by Rs 8,500 and Silver Rs 14,500 in last Five Months

Gold Prices

Gold prices witnessed a massive plunge in the past week and dropped to Rs 48,702 per 10 gram on the last trading day of the week. On Friday, gold prices registered a steep fall of Rs 519 on the MCX exchange, while the gold futures price of April 5, 2021, was closed at Rs 48,715 per 10 grams with a decline of 514 rupees on MCX on the last trading day of the week.

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Silver Spot : Still Too Volatile For Positions

MCX Gold Price Today Outlook (April 17, 2025)

Silver Spot : Mar. Silver is 2 cents higher at 24.01 down 35 cents for the week. The EU has kept rates unchanged and will continue it’s 500Billion Euro bond purchasing program through March 2022. However the Dollar reacts expect an opposite reaction in Silver., i.e., if the dollar goes lower silver should rally, if dollar rallies silver should break. Still too volatile for positions. I still to the Dollar as a proxy.

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