Gold Price Today: This is a good time to buy gold in the new year. In the year 2021, the price of gold has seen a decline of about 4 percent. Today, on the first Monday of the year, there was a slight fall in the prices of gold. A strong global trend amid a rise in US Treasury yields saw a partial impact on gold prices.
Today, gold futures on MCX fell by 0.19 per cent or Rs 49 to Rs 48,056 per 10 grams. At the same time, silver was down 0.37 per cent or Rs 230 at Rs 62,430 per kg. Gold is currently around Rs 8000 below the all-time high of Rs 56200 per 10 grams.
According to the data, corona infection has increased rapidly in the last 7 days around the world. So its effect will also be seen. Market experts believe that amidst the fear of epidemic and concerns of inflation, gold can reach the level of Rs 55 thousand per 10 grams in the year 2022. So if you have a budget now, you can plan to buy gold.
All time high was reached in the year 2020
During the first wave of Corona in the year 2020, gold had gained a lot of momentum and this record had reached the all-time high of Rs 56,200 per 10 grams, but in the second half of the year 2021, there was a lot of weakness in gold. The year 2021 did not prove to be such a good year for gold. On the last day of 2021, gold closed at Rs 46,874 per 10 grams.
Sentiment on gold may improve
Comtrendz’s co-founder and CEO Ganasekhara Thiagarajan said the main reason for gold’s weak performance this year was excess liquidity in the equity markets. Fears of a rapid spread of the Omicron variant of Corona have increased fears of Kovid restrictions during the New Year holidays in many European countries. US health officials have urged US citizens to take a booster dose, wear a mask, and be cautious when traveling during winter holidays. According to Thiagarajan, strictly on rates, the US dollar will become attractive compared to other currencies.
Find out gold rate by giving a missed call
Let us tell you that you can easily find out these rates sitting at home. For this, you just have to give a missed call on this number 8955664433 and a message will come on your phone, in which you can check the latest rates.
In this way you can check the purity of gold
Let us tell you that 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. In this app, if the license, registration and hallmark number of the goods is found to be wrong, then the customer can complain about it immediately. Through this app, the customer will also get the information about registering the complaint immediately.
