Precious metals plunge after Iran-Israel ceasefire announcement, gold falls by Rs 2000, silver declines

The announcement of a ceasefire in the war between Iran and Israel that has been going on for the past 12 days has led to a fall in precious metal prices. MCX gold and silver prices fell today as precious metal prices fell globally. MCX gold opened at a loss of Rs 500 and fell to Rs 2966. It was trading at Rs 97539 per 10 grams at 1.31 pm in the afternoon trading session after falling by Rs 1849. MCX silver also fell MCX silver prices also fell by Rs 1000 today. It fell from yesterday’s level of Rs 1,06,759 per kg and reached a low of Rs 1,05, 505 per kg today. Global gold prices hit two-week lows Spot gold prices globally hit a two-week low on easing geopolitical tensions. Spot gold fell 0.5 percent to $3,351 an ounce, its lowest since June 11. US gold futures also fell 0.9 percent to $3,365.30 an ounce.

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