New Delhi. There is relief news from the market for people preparing to buy gold and silver. On October 22, a decline was recorded in the prices of both precious metals from the international market to the domestic futures market. Both gold and silver appeared under pressure during trading. However, prices may continue to fluctuate, so it is important to check the latest quotes before purchasing.

Gold and silver weak in international market

In the international market, gold on Comex fell by about 0.61 percent to $ 4,124.70 an ounce. At the same time, a decline of about 1.78 percent was recorded in silver and its price was around $ 56.68 an ounce. Many global economic factors can be responsible for the ongoing weakness in the market.

Gold and silver prices also fell on MCX

A decline was also seen in the domestic futures market. On the Multi Commodity Exchange (MCX), gold for December delivery fell by about Rs 1,300 to Rs 1,44,797 per 10 grams. At the same time, the price of silver fell by about Rs 3,900 and was seen trading at Rs 2,05,302 per kg.

Price of 22, 24 and 18 carat gold

According to the given market data, 24 carat gold was around Rs 1,45,070, 22 carat gold was around Rs 1,32,981 and 18 carat gold was around Rs 1,08,803 per 10 grams. The price of silver is said to be around Rs 2,05,640 per kg.

Will gold become cheaper in future?

According to Bank of America estimates, if the price of gold continues to fall, it may reach $ 3,700 an ounce in the international market. However, this is only a guess, not a definite prediction. Gold and silver prices are influenced by the global market, movement of the dollar and demand from investors.

Buyer Note: The prices given above are the figures during trading. Final price may vary due to taxes, making charges and other charges in local market. Before purchasing, please check the latest rate of your city.