Gold Price Today: After the rise in the last few sessions, there has been a huge fall in the prices of gold and silver in the Indian markets today.
After the rise in the last few sessions, there has been a huge fall in the prices of gold and silver in the Indian markets today. On the Multi Commodity Exchange (MCX), gold futures fell 0.55% to Rs 47,360 per 10 grams after four days of gains, while silver futures fell 0.7% to Rs 63,051 per kg. Gold had closed flat in the previous session, while silver had gained 1%. In the global markets, gold prices declined today due to a rise in the US dollar. Let us tell you that at this time last year, gold futures were around 55 thousand rupees.
Gold prices will rise:
Domestic gold and silver prices and bullion index futures can open flat on Tuesday morning keeping an eye on foreign prices. On the domestic front, MCX Gold can see a slight rise in October, where gold can remain at the level of Rs 47,450-47,300. On MCX, silver can come in the level of Rs 63,200-63,900 above Rs 62500 in September. MCXBULLDEX May can trade with gains in the range of Rs 14,050-14,400.
Gold will go up to Rs 50,000
According to experts, very soon gold will reach Rs 50,000. In such a situation, this is the best time for investment. Investors can invest in YOLO Metal. At the same time, if an investor has already continued to invest in gold, then holding it now can prove beneficial. Outflow from Gold ETF continues. The holding of SPDR Gold Trust, the world’s largest gold exchange-traded fund, declined by about 0.5 percent to about 1006 tonnes on Monday. It was around 1,011 tonnes at the end of last week.
In this way, you can check the purity of gold,
if you now want to check the purity of gold, then an app has been made by the government for this. With the ‘BIS Care app’, customers can check the purity of gold. Through this app, not only can you check the purity of gold, but you can also make any complaint related to it.
