Over the past week, the number of Corona patients has been on the rise and the crisis on the economy is once again darkening. Investors are once again in gold as fears of a second wave of krona have been expressed in some countries. Although silver is gaining ground in the commodity market on Friday, gold is gaining ground. The price of gold is around Rs 45,000.
On the Multi Commodity Exchange (MCX), gold prices fell on Friday. Gold had lost Rs 47 in the morning trade. At present, gold is trading at Rs 4,520 per 10 grams, up by Rs 69. Earlier, gold had touched Rs 44,801. At present, silver is trading at Rs 67,371 per kg on MCX. It has fallen by Rs 376. Silver had touched a low of Rs 67028 today. It had lost Rs 621 in the morning.
According to the website Good Returns, the price of 22-carat gold in Mumbai today is Rs 44,290. The price of 24-carat gold is Rs 45,290. In Delhi, the price of 22-carat gold has gone up to Rs 44,360. Gold for 24 carats is priced at Rs 48,390. In Chennai, the price of 22 caratss is Rs 42,590 and the price of 24 carats is Rs 46,460. In Kolkata, 22 carat gold is priced at Rs 44,590 and 24 carat gold is priced at Rs 47,290.
US President Joe Biden has hinted at a new economic package to energize the economy. In addition, the US government is preparing to raise taxes to increase tax revenue. The effect was seen on the value of the dollar. Corona infection, on the other hand, is on the rise around the world and is still impossible to prevent. The Corona has once again raised its head and there is a third wave in France. Prime Minister Jean Castex has announced a limited lockdown in parts of France.
Gold fell 0.4 percent to १७ 1,730.06 an ounce in global commodity markets. Gold had lost 0.5 percent in the previous session. Silver also declined by 0.6 percent. Silver traded at. 25.89 an ounce. Investors are also alarmed by the fall in gold prices. Kotak Securities reports that investors have started withdrawing money from gold ETFs.