Business

Gold prices today: gold fall continues; Fall for the fourth consecutive day, find out how much gold has become cheaper

Story Highlights
  • Gold prices have fallen for the fourth straight session.
  • Gold has lost Rs 1,000 in four sessions.
  • Gold fell by Rs 130 on Tuesday.
Advertisement

Gold prices have come under pressure in the commodity market. On the one hand Corona The crisis is intensifying and uncertainty has increased. On the other hand, the rapid pace of the vaccination campaign has created a ray of hope for corona control. This has put pressure on gold prices in the commodity market. Today is the fourth consecutive session Gold Prices have dropped. Gold has lost Rs 1,000 in four sessions.

On the Multi Commodity Exchange, gold fell by Rs 130 to Rs 47,318 on Tuesday. On the MCX, silver rose by Rs 115 to Rs 68,795.

Also Check: Business Setup in Dubai By A Foreign Expat – Advantages, Process, and Tips

Gold had lost Rs 139 in the commodity market on Friday. At the close on Thursday, gold had lost Rs 402. Gold had settled at Rs 47,826 per 10 grams. On Monday, gold fell by Rs 47 to Rs 47,485.

Silver was also hit by a profit last week. At present, silver is currently trading at Rs 68,802 per kg on MCX. It had lost Rs 416. The pressure on silver continues today.

According to the Goodreturns website, the price of 22 carat gold in Mumbai is Rs 44,900 and the price of 24-carat gold is Rs 45,900. The price of 22-carat gold in Delhi today is Rs 46,200. The price of 24-carat gold is Rs 50,420. Today, the price of 22-carat gold in Chennai is Rs 44,630 and 24-carat gold is Rs 48,690. In Kolkata, 22-carat gold is priced at Rs 47,400 and 24-carat gold is priced at Rs 49,650.

Gold is trading at १७ 1,782 an ounce in global commodity markets. It has increased by 0.10 percent. Silver also rose by 0.20 percent to २६ 26.25 an ounce. According to commodity analysts, spot gold will remain at १७ 1,760 for some time to come. If the second wave of the corona rises, gold could rise to १८ 1,820 an ounce, he said.

Show More
Advertisement

Related Articles

Back to top button