Gold Price Today: The ongoing fall in the price of gold and silver for some time was stopped on Tuesday. Along with the bullion market on the second trading day of the week, the MCX market also saw a breakdown.

Gold Price Today 16th August 2022: For the last few days, there was a break on the ongoing rise in the price of gold on Tuesday. In the last few days, after increasing the import duty on gold by the government, the precious metal had seen a sharp decline. But after this the price of gold increased to above Rs 52 thousand per 10 grams. The bullion market opened on Tuesday morning after three days and it saw a decline in early trading.

Silver price came down by Rs 447
On Tuesday afternoon, the second day of the trading week, the price of 24 carat 10 grams of gold is falling by Rs 301 to Rs 52180 per 10 grams. According to the rate released by the India Bullion Association on Tuesday afternoon, 24-carat gold reached Rs 52180 per 10 grams. The price of one kg of silver fell by Rs 447 to Rs 57905 per kg.

Rate of Gold and Silver on MCX
A declining trend was also seen on the Multi Commodity Exchange (MCX) on Tuesday. On Tuesday, both the metals (gold and silver) were seen trading with red marks. At around 1 pm, gold was seen with a slight fall at Rs 51,944. Silver saw a fall of more than two per cent and reached Rs 57,840 per kg.

According to the India Bullion Association, 23 carat gold was seen at Rs 51971 per 10 grams, 22 carat gold at Rs 47797 per 10 grams, 20 carat gold at Rs 39135 per 10 grams and 18 carat gold at Rs 30525 per 10 grams. Usually people make jewelery of 22 carat gold, whose rate is Rs 47797. Silver of 999 purity reached Rs 57905 per kg.