By Admin 
- On June 19, a nationwide decline was seen in the prices of gold and silver.
- The prices of gold and silver on MCX reached a very low level.
- Prices fell due to profit booking at higher levels, weak demand.
- Fed’s signal to increase interest rates brought down prices.
Gold-Silver Rate Today on June 19: Today, on Friday, June 19, a fall in the prices of gold and silver is being seen in the country. Along with the Indian bullion market, a decline in the prices of gold and silver has also been recorded on the Multi Commodity Exchange (MCX). On MCX, gold has become cheaper by about Rs 1593 per 10 grams and silver by about Rs 6057 per kg.
What is the rate of gold today?
- Today the price of 24 carat gold in Delhi is Rs 14965 per gram. Similarly, today the price of 22 carat gold per gram is Rs 13719.
- Today, the price of 24 and 22 carat gold per gram in Mumbai is Rs 14950 and Rs 13704 respectively.
- Today in Kolkata, 24 carat gold is being sold at Rs 14950 per gram. Here today the price of 22 carat gold per gram is Rs 13704.
- Today in Chennai the price of 24 carat gold per gram is Rs 14790 and the price of 22 carat gold is Rs 13570.
Silver also crashed
Today, a big fall in the price of silver is also being seen. Silver exchange-traded funds (Silver ETFs) have seen a selloff of up to 5% today. On MCX too, silver has fallen to around Rs 2,37,620 per kg. Today, the price of silver in all the cities of the country remains between Rs 2,38,700 per kg to Rs 2,59,900 per kg.
Why did precious metals fall?
During the last few days, the prices of gold and silver had reached their record levels in the Indian markets. Now that the wedding season has been postponed to some extent, there has been a decline in shopping. In such a situation, investors are booking profits at higher levels, hence a decline in prices is being seen. Apart from this, the US Federal Reserve has indicated that interest rates will be increased in the future. When interest rates are raised, investors move from gold to government bonds. Due to this the demand for gold decreases. When demand decreases, prices also start falling.
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