Gold and Silver Price Today: After the selling by foreign investors from the stock market, a huge decline is being seen in the price of gold and silver in the Indian market. The rate of gold on the country's Multi Commodity Exchange (MCX) and in the bullion market has come down by about Rs 6000 per 10 grams. Similarly, the rate of silver has also seen a decline of about Rs 12000 per kilo. This big decline in the rate of both precious metals has come after Donald Trump's victory in the US elections.

Spot gold fell by more than $ 200

After Trump's victory, the US dollar has reached a one-year high and the 10-year Treasury yield has risen sharply. Gold has an inverse relationship with the dollar and bond yield, which is why gold is slipping as the dollar rises. Spot gold has fallen by more than $200. It has slipped from a high of $2,750.01 an ounce on November 5 to a low of $2,536.9 an ounce.

Sharp fall in MCX:
The movement of gold futures on MCX is usually determined by the global rate. In the last 10 days, it has also fallen sharply. From a high level of Rs 79,181 per 10 grams on November 5, it fell to a low level of Rs 73946 per 10 grams on November 14. MCX was closed on Friday due to a public holiday.

What will happen to the price of gold in the future?
Will the rate of gold go up or down in the coming time? Experts say that its main trigger will be the stance adopted by the US Federal Reserve regarding interest rates. If the pace of interest rate cuts by the Fed Reserve increases, then the price of gold is expected to rise. But if the US central bank does not reduce the interest rate due to rising inflation, then the trend of rise and fall in the price of gold may continue.

A reduction in interest rates is a good sign for gold.
It is worth noting that a reduction in interest rate is a good sign for the price of gold. In the last two months, the Fed Reserve has reduced the interest rate by 75 basis points. After the recent unemployment figures released by America, the Fed Reserve may consider a further reduction in interest rates. According to the data, the unemployment rate has declined in the week ending on 9 November.

The condition of the bullion market: On the website https://ibjarates.com
, which releases daily rates of the bullion market, a decline in the rates of gold and silver has been seen for the last more than a week. On 30th October, 24-carat gold had reached a high level of Rs 79681 per 10 grams. But in the session closed on 14th November, the same has fallen to Rs 73739 per gram. Similarly, silver was seen at the level of Rs 98340 per kilo on 30th October. But on 14th November, it has fallen by more than Rs 12000 to Rs 87103 per kilo.

Rupee may fall by 8 to 10 percent: SBI report.
A recent report by the State Bank of India (SBI) said that with Donald Trump coming to power again in the US, the rupee may fall by 8 to 10 percent. On Friday, the rupee reached an all-time low of 84.48. The SBI report titled 'US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy' emphasizes that the rupee may fall against the US dollar for a short time but it is expected to strengthen again.

The condition of the rupee during the tenure of the second US President:
From 2012 to 2016, when Barack Obama was the US President, the rupee fell by about 29 percent. After this, from 2016 to 2020, during Trump's rule, the rupee fell by 11 percent. After this, during Biden's tenure from 2020 to 2024, it has fallen by 14.5 percent. Now during the last one month, the rupee has fallen by about 0.3 percent.