Gold, Silver Rate Today LIVE: Following the margin hike trigger on the CME (Chicago Mercantile Exchange), an aggressive profit-booking began on Friday, leading to a sharp crash in gold and silver prices on Friday. The COMEX gold price ended over 11% lower at $4,763.10/oz. Likewise, the COMEX silver price. After closing at $4,763.10 per ounce, the COMEX gold rate today is around 15% lower than its record high of $5,625.16 per ounce. However, the COMEX silver rate today is more than 31% lower than its lifetime high of $121.755 per ounce.
MCX Gold Price Today
MCX gold price for April futures ended at ₹1,50,849 per 10 gm, logging an intraday loss of ₹1,496 or 0.98% against the previous day’s close price of ₹1,52,345 per 10 gm. The MCX gold rate today is ₹29,930 away from its lifetime high of ₹1,80,779 per 10 gm.
MCX Silver Price Today
MCX silver price for March futures ended at ₹2,91,922 per kg, which is ₹1,28,126 or 30.50% away from the record high of ₹4,20,048 per kg.
On Thursday, gold and silver prices traded lower amid a strong US dollar. Despite the fall, gold prices were set for their biggest monthly gain since 1980, driven by rising safe-haven demand amid persistent global geopolitical and economic uncertainties.
Gold, silver rates today: CME raises margin money for gold, silver
CME Group is raising margins on Comex gold and silver futures after prices suffered their biggest slides in decades.
Gold margins will rise to 8% of the value of the underlying contract from the current 6% for a non-heightened risk profile, the exchange said in a statement on Friday. The heightened risk profile margins will be increased to 8.8% from the current 6.6%, it said.
Silver margins will climb to 15% from the current 11% for a non-heightened risk profile, while the heightened risk profile margins will be hiked to 16.5% from the current 12.1%, according to the statement. Platinum and palladium futures’ margins will also be boosted.
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