- Negative for gold to recover the economy
- Gold prices also fell in global markets
- Gold fell below Rs 45,000
With the corona vaccination and the economy recovering, there are no immediate signs that the fall in gold in the commodity market will stop. Gold fell by Rs 300 for the second straight session today. Gold prices fell to Rs 44,975 per 10 grams. Gold is down by Rs 11,000 from its all-time high.
On the Multi Commodity Exchange, gold had touched a record high of Rs 56,191 in August 2020. Economic uncertainty was heightened after the coronavirus spread to the world. Therefore, gold was preferred as a safe investment. As a result, gold hit an all-time high in August 2020. Gold fell below Rs 45,000 on Tuesday. In the last seven months, gold has fallen by as much as Rs 11,000.
Investors and stockists sold gold as the commodity market opened today. As a result, gold prices fell by about Rs 300. Gold fell to Rs 44,975. The same is true of silver. Currently one kg on MCX The price of silver 67,780, down by Rs. 1,020. Silver had declined to Rs 66,803.
Gold and silver had a positive start on Monday. However, prices of both metals declined during the night. Gold fell by Rs 407 to Rs 45,329 yesterday. Silver also rose marginally by Rs 69 to Rs 68,853 per kg.
Currently, the global capital market is booming. Without it, the dollar is rising. As a result, the pressure on gold has increased, said Harish V, a commodities expert at Geojit Financial Services. Said. He said the pressure on gold would continue in the near term. Gold will remain below १७ 1760.
Meanwhile, according to the website Good returns, the price of 22-carat gold in Mumbai today is Rs 44,950. The price of 24-carat gold has gone up to Rs 45,950. In Delhi, the price of 22-carat gold has gone up to Rs 45,250. It was down by Rs 950 from Monday. Gold for 24 carats is priced at Rs 48,280. It was down by Rs 1,020 on Monday.
In Chennai, the price of 22 carats is Rs 42,660 and the price of 24 carats is Rs 46,540. Compared to Monday, 22-carat gold fell by Rs 890 and 24-carat gold by Rs 970 in Chennai on Tuesday. In Kolkata, 22-carat gold is priced at Rs 45,470 and 24-carat gold is priced at Rs 48,350.