Gold Price Today 12 May 2023: A big fall was recorded in the prices of gold and silver today. On Friday, the fifth and last day of this trading week, it became cheaper by Rs 500 per 10 grams and silver by Rs 2400 per kg. Buyers seem quite happy with this. (Gold Price Today 12 May 2023)
Gold-silver on IBJA
According to the website of the Indian Bullion Jewelers Association (IBJA), on Friday (12 May 2023), gold (Gold Price Today) became cheaper by Rs 548 per ten grams and is trading at Rs 61037 per ten grams. While on the last trading day on Thursday, gold had become costlier by Rs 90 and closed at Rs 61585 per 10 grams.
On Friday, along with gold, a big fall in the price of silver was also recorded. Today silver has become cheaper by Rs 2441 and is trading at Rs 72354 per kg. Whereas on the last trading day on Thursday, silver became cheaper by Rs 1466 and closed at Rs 74795 per kg.
Gold and silver rates on MCX
Like the Indian Bullion Jewelers Association (IBJA), gold and silver are still trading with a decline on the Multi Commodity Exchange (MCX). On MCX, gold is trading cheaper by Rs 140 per 10 grams at Rs 60,752, while silver is trading cheaper by Rs 582 at Rs 73,226 per kg.
Gold slips by Rs 600 and silver by Rs 7600 from all-time high
With this boom, gold is being sold cheaper than its all-time high by about Rs 600 per 10 grams. Significantly, gold made its all-time high of Rs 61646 per ten grams on 4 May 2023. Whereas silver is getting cheaper at the rate of Rs 7626 per kg. The all-time high level of silver is Rs 79980 per kg.
Gold Price Today 12 May 2023: 14 to 24 Carat
In this way, on Thursday, 24 carat gold became cheaper by Rs 61037 per 10 gram, 23 carat gold by Rs 60793 per 10 gram, 22 carat gold by Rs 55909 per 10 gram, 18 carat gold by Rs 45777 per 10 gram and 14 carat gold by approx. Is trading at the level of Rs 35706 per 10 grams.
Gold Price Today 12 May 2023: Gold-silver in international market
Unlike the Indian bullion market, gold and silver are still trading with a decline in the international market. In the US market, gold was trading down by $7.84 at $2,008.45 an ounce and silver was down by $0.14 at $24.02 an ounce.