Gold prices have fallen by more than Rs 12,000. That’s why experts are saying that this is the right time to buy gold.
Gold Rate Today: There is good news for the lovers of gold jewelery in the festive season. Especially for women. Gold prices have fallen by more than Rs 12,000. That’s why experts are saying that this is the right time to buy gold. For the past few days, there has been a continuous decline in the price of gold. Also Read: Best Bank Loan Interest Rates Sbi & other Bank Loan Details Know Best Deal
Looking at the figures, gold has come down to its lowest level in recent days. Market experts are saying that investing in gold never gives a loss. And when the prices have dropped so low, then a must buy. Also Read: Good News: Spicejet Passengers Now Can Easily Book Taxis For In Flight The Airport Know When The Facility To Be Start
The price of gold was Rs 4,494 per gram on 9 August 2021. Talking about August, 2020, the prices of gold were touching the sky. Then the price of gold per 10 grams was Rs 59,300. Today it has come down to Rs 44,940 per 10 grams. Also Read: Free Lpg Connection: Muft Gas Cylinder And Stove No Need Documents
That is, gold has become cheaper by Rs 12,110 in just one year. In recent times, the prices of the yellow metal have been declining continuously. On August 5, 2021, gold was being sold for Rs 51,320 per 10 grams, which fell to Rs 47,190 per 10 grams on August 9. This is the maximum value of 24 carat gold. Also Read: PM Modi will give Rs 1625 crore to 4 lakh people of the country today, know who will get the benefit?
Meanwhile, if we talk about the minimum price of gold, then on August 5, the gold which was available for Rs 47,040, on August 6, its price came down to Rs 46,940 per 10 grams, on August 7, Rs 45,750 per 10 grams, on August 8, Rs 45,990.
per 10 grams and on August 9 it was Rs 44,940 per 10 grams. That is, only on August 8, there was a slight increase in the price of gold. That too modest. Gold prices increased by only Rs 240. After this again a decrease of Rs 50 was recorded in it.
Before Durga Puja and Deepawali, such a big drop in gold prices will bring great relief to the gold jewelery enthusiasts. Let us tell you that India is at the forefront of the world in terms of buying gold. That is, India buys the most gold. In India, gold is the most used for making jewelry. Gold has a profound effect on the economy of any country.
Prices also fell in the international market
The prices of gold have also come down in the international market. Gold prices on the Multi Commodity Exchange (MCX) have come down to a 4-month low. The value of 10 grams of gold has gone up to Rs 46,000. Gold futures in MCX have also fallen by 1.3 per cent in three consecutive trading sessions. The yellow metal has lost its sheen a bit due to the strength of the US dollar and US employment data.
Despite this, it is believed that gold is still very strong in the international market. If the price of gold in MCX remains between Rs 44,700 to Rs 45,300 per 10 grams, then it is a good sign. If gold goes below the level of Rs 44,700, then there will be a golden opportunity to buy.
