Gold Price Today: In August, the price of gold remains at the lowest level in the last 4 months. There is a continuous decline in the price of gold.
New Delhi. Gold Price- In August, the price of gold remains at the lowest level in the last 4 months. This week there is a continuous decline in the price of gold. The futures price of gold has fallen by around 1.3 per cent and silver by over 1.5 per cent in the last three trading sessions. Also read: Bank Holidays: Banks to remain closed for 4 days in coming week, check full list here, settle your work today
On Thursday, August 12 (Gold price on 12 August) on the Multi Commodity Exchange (MCX), the contract of October gold was trading at Rs 46,334 with a fall of 0.12 percent at 09.30 pm. Also Read: PM Modi will give Rs 1625 crore to 4 lakh people of the country today, know who will get the benefit?
At the same time, September’s silver (silver price today) futures is trading 0.36 percent lower at Rs 62,544 per kg. Let us tell you that the price of gold has fallen by more than Rs 10,000 from its all-time high. In August last year, gold had reached the highest level of Rs 56,200 and currently it is around Rs 46,334 per 10 grams in the gold bullion market. Also Read: IndiGo launches new service, now passengers will get relief from long queues, check details
Golden opportunity for investors
According to a report by Good Return website, the fall in the price of gold has brought a wave of happiness for the buyers and has given ample opportunity for the investors to hold their money. Gold price in India remained low today. The price of gold remained stable in the international market. According to a Reuters report, spot gold was at $1,750.34 an ounce, while US gold futures were at $1,753.40. Also Read: LIC: Mini Ip takes over as Managing Director of LIC
Experts Giving Buying Advice
According to experts, looking at the long term, the outlook on gold is positive and it should be bought when the price falls. There are a few reasons for the rise in gold. These include concerns about the recovery in the global economy due to increasing cases of corona in America and China, high commodity prices.
Equity indices in many countries are trading near record high levels. This can increase the interest of investors in gold. Gold can also be bought for hedging against inflation. Rs 44,700 to Rs 45,300 is a good buying range for long term investors and should start buying when the price comes.
What is the gold rate in your city today?
>> 22 carat gold price in Chennai is Rs 43,720 per 10 grams.
>> In Mumbai, the price of 22 carat gold is Rs 45,280 per 10 grams.
>> The price of 22 carat gold in Delhi is Rs 45,500 per 10 grams.
>> 22 carat gold price in Kolkata is Rs 45,700 per 10 grams.
>>Gold price in Bangalore is Rs.43,350 per 10 grams of 22 carat.
>> 22 carat gold price in Hyderabad is Rs 43,350 per 10 grams.
>> 22 carat gold price in Kerala is Rs 43,350 per 10 grams.
>> 22 carat gold price in Pune is Rs 44,440 per 10 grams.
>> 22 carat gold price in Jaipur is Rs 45,300 per 10 grams.
>> In Lucknow, Uttar Pradesh, gold is priced at Rs 45,500 per 10 grams of 22 carats.
>> 22 carat gold price in Patna is Rs 44,440 per 10 grams.
>> Gold rate in Nagpur is Rs 45,280 per 10 grams of 22 carats.
