The price of gold was showing a rise for a long time, but recently the price of gold has become so cheap that happiness can be clearly seen on the faces of those who buy gold. Let’s know today’s gold price
After making a record of Rs 58500, the price of gold is continuously falling. It has fallen by more than Rs 2500 in February itself. Similarly, silver has also fallen from Rs 71,000 to around Rs 64,000. In this way, there has been a decline of about Rs 7000 (10 percent) in silver. Due to the recession in the world market, a decline is being seen in both gold and silver. It is also expected from the experts that there may be a rise in gold and silver in the coming times.
Loss to people who buy jewelry
Due to the fall in gold and silver in February, people who buy expensive jewelry have suffered. After reaching the record level in the last days, both gold and silver are witnessing a continuous decline. Leaving behind the record of Rs 56200 per 10 grams of August 2020, gold has made a record of 58500 this time.
Fall in gold and silver on MCX
A fall in the rate of gold and silver was seen on the Multi-Commodity Exchange (MCX) on Thursday. Gold, which crossed 58,000 in the last days, is trending at Rs 55,763 on Thursday, falling by Rs 67. Similarly, silver had also crossed 71,000 in the previous days. But today it has gone up by Rs.375 and is currently trending at Rs.64,166. On Wednesday, gold closed at Rs 55830 and silver at Rs 64541 per kg.
There was a decline in the bullion market as well
- A decline was seen in the rates of both gold and silver in the bullion market on Thursday. According to the price released by the India Bullions Association (https://ibjarates.com), 24 carat gold fell to Rs.56066 per 10 grams. The same silver also declined and it fell by more than Rs 300 to reach Rs 63911 per kg.
- Gold has fallen below the level of August 2020. Two and a half years ago, gold made a record of Rs 56,200. Earlier on Wednesday, gold had closed at Rs 56140 per 10 grams and silver at Rs 64246 per kg.
