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Gold Silver Price: Big decision of MCX and NSE on gold and silver
highlights
- MCX and NSE have removed the extra margin imposed on gold and silver futures deals.
- Now traders will not have to deposit more money than before to maintain their positions.
- This new rule has come into effect from 19 February.
Gold-Silver Price Today: There were sharp fluctuations in the prices of gold and silver for the last few days. Meanwhile, there is a relief news for investors and traders. MCX and NSE have removed the extra margin imposed on gold and silver futures deals. Now traders will not have to deposit more money than before to maintain their positions. This new rule has come into effect from 19 February. This will increase the flow of cash in the market and buying and selling will become easier than before.
Why was the decision taken to remove extra margin?
In the beginning of February, there was a sudden sharp fluctuation in the prices of gold and silver. To avoid excessive risk in the market, Multi Commodity Exchange of India (MCX) had imposed additional margin of 3% on gold and 7% on silver. Even before this, margins were gradually increased to reduce risk. Now the situation is calmer than before and there has been a big correction in prices. After the market becomes stable, the exchanges have decided to remove this extra margin, so that traders and investors can get relief and business can become easier.
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Silver fell far below record level
The sharp fall in silver prices has shocked everyone. The highest level of silver so far has been around Rs 4.20 lakh per kg. But now the price has come much below this. According to the closing price of February 18, silver has become cheaper by more than Rs 1.83 lakh and has reached around Rs 2.42 lakh per kg. In such a situation, this can be considered a good opportunity for those who are thinking of buying.
Gold price also softened
A decline has also been seen in the price of gold. Gold with expiry of April 2, 2026 closed at Rs 1,55,687 per 10 grams with a slight decline of Rs 74. Whereas silver with expiry of March 5, 2026 fell by Rs 1,748 and closed at Rs 2,42,520 per kg. That is, a softening trend has been seen in both the precious metals in recent times.
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