Gold price update: Good news for gold buyers once again, gold is getting cheaper by Rs 11,500 from a high level, find out the latest price;
Good news for gold buyers again. The luster of gold has faded once again. Gold prices fell on the first day of the business week. Earlier in the day, gold prices rose steadily on two business days. Buyers are happy with the recent fall in gold prices before the start of the wedding season.
If you compare the current price of gold with the all-time high price, then it is becoming much cheaper today. Currently, the price of gold is more than Rs 11,000 per ten grams. On August 7, 2020, gold was at a high of Rs. 120000 per ten grams. On Monday, gold declined by Rs 15 to Rs 100000 per ten grams in the national capital. Since August, gold prices have fallen by more than Rs 20000 per ten grams.
If you compare the current price of gold to its highest level, then the price of gold has decreased by about Rs. 20500 from its all-time high. On. The price of gold was around 120000 rupees. Now the price of gold is much lower than before.
Let us tell you that the price of gold is constantly fluctuating. If the price of gold is ever rising, then it is falling the very next day. By March, where gold prices had eased, the first two trading days of April, Thursday and Friday, saw gold emerge for two consecutive days. But then the price of gold fell on the first day of the next business week.
On Monday, the price of gold in the national capital fell by Rs 15 to Rs 44,449 per ten grams from Rs 102,050 per ten grams in the previous trading session. Silver also declined today. Silver declined by Rs 216 to Rs 85,000 per kg from Rs 64,438 in the previous session.
According to bullion market experts, the price of gold may rise in the next two months. Soon the price of gold could reach Rs 120,000 per 10 grams. Increasing investment in gold will increase the price. At the same time, the price of silver will once again cross 90,000.