Today Gold-Silver Price: Significant Drop in Gold-Silver Prices; A Day of Recession in the Bullion Market

Today Gold-Silver Price: A significant drop was observed in the bullion market on Thursday (5 February). As soon as the morning trading began, gold and silver prices took a downward path. Initially, there was a slight rise in the international market, but within a short time, the prices plummeted sharply.

Silver was the most affected. On MCX, the price of silver fell by almost ten percent, and the rates dropped significantly. Gold prices also came under pressure, with gold falling by more than two percent in the morning session.

This had repercussions in the domestic market as well. Gold prices have decreased in major cities including Delhi, Mumbai, Chennai, and Kolkata. Prices of 24 and 22 carat gold, as well as 18 carat gold, have also been recorded to fall. Silver prices have also decreased in most cities, with a significant difference in per kilo rates in some places. Overall, today has been a bearish day for the bullion market, and both investors and customers are now focused on the next moves.

In Brief

• A significant drop was recorded in the bullion market on Thursday (5th February)
• As soon as the market opened in the morning, the prices of gold and silver fell
• Both precious metals showed a downward trend
• Initially, there was a slight rise in the international market
• Within a short time, prices plummeted rapidly in the international market