Gold Rate Today: Despite the slight increase in the price of gold on Sunday, gold is being sold much cheaper than its record high rate in the market. Let’s know what is the new price of gold in the bullion market today:
New Delhi: Despite the continuous fluctuations in the price of gold for a long time, the demand for gold in the market has increased very fast. There has been some increase in the price of gold in the bullion market on Sunday. Before this, there was a fall in the price of gold for several consecutive days. Despite the slight increase in the price of gold on Sunday, gold is being sold much cheaper than its record high rate in the market. Let’s know what is the new price of gold in the bullion market today:
Know what is the new price of gold in the market
After the increase in the price of gold in the bullion market, the price of 22 carat gold has reached Rs 46,650 per ten grams on Sunday. According to the Goodreturns website, before the market opened, there was an increase of Rs 250 per ten grams in the price of gold. Earlier on Friday, an increase of Rs 600 per ten grams was seen in the price of 22 carat gold. On the other hand, a fall of Rs 200 per ten grams was seen in the price of gold on Thursday.
Apart from this, the price of 24 carat gold also saw an increase on Sunday. Before the market opened on Sunday, the price of 24 carat gold was Rs 50,620 per ten grams. After this, there was an increase in the price of gold by Rs 280 per ten grams, after which it is now selling at Rs 50,900 per ten grams.
Gold became so much cheaper than the record rate
In the month of August 2020, the price of gold had reached its all-time high rate. In August, 2020, the price of gold had reached Rs 55,400 per ten grams. Today, the price of 22 carat gold in the market is Rs 46,650 per ten grams. If you compare today’s price with its all-time high rate, then you will see that gold has broken up to Rs 9,400 per ten grams.
Gold rate on MCX
Gold prices on Friday rose by Rs 344 to Rs 50,531 per 10 grams in futures trade as speculators created fresh positions on strong spot demand.
On the Multi Commodity Exchange, gold for delivery in December rose by Rs 344, or 0.69 per cent, to Rs 50,531 per 10 grams. It had a business of 17,835 lots. Market analysts said buying of fresh positions by participants led to the rise in gold futures. Globally, gold was trading 0.67 per cent higher at USD 1,679.80 an ounce in New York.
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