Gold Price: Traders reduced the size of their positions amid a weak global trend, due to which there was a decrease in the futures price of gold in futures trade on Monday. Know what is the latest price of gold after Monday’s shortage.
New Delhi: Gold Price: Traders reduced the size of their positions amid a weak global trend, due to which there was a decrease in gold futures prices in futures trade on Monday. Market analysts attributed the fall in gold futures to lower positions by investors amid a weak trend in international markets.
Gold prices fall by Rs 256
The price of gold fell by Rs 256 in the futures market. With this, the price of gold fell to Rs 52,622 per 10 grams. On the Multi Commodity Exchange, gold for April supply contract fell by Rs 256, or 0.48 per cent, to Rs 52,622 per 10 grams.
It traded for 10,239 lots. Globally, gold fell 0.38 per cent to $1,977.40 an ounce in New York.
Gold became cheaper in Indore too
On the other hand, in the local bullion market of Indore, on Monday, the price of gold decreased by Rs 400 per 10 grams and silver by Rs 600 per kg in comparison to Saturday. According to traders, the average prices of precious metals were as follows:
- Gold Rs 51600 per 10 grams
- Silver Rs 67400 per kg
- Silver coin Rs 750 per piece
Gold became so much cheaper than the record rate
According to media reports, in August 2020, the all-time high rate of Rs 56,200 per ten grams was reached. If you compare today’s price of Indore with the all-time high rate of gold, then gold has decreased by Rs 4,600 per ten grams.
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