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Sunday, May 16, 2021

Gold Price Update: Gold became cheaper on the last trading day of the week, the price of 18 carat gold decreased to Rs 35057.

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New Delhi: Gold is good news for buyers. Gold became cheaper on the last day of April 2021 and also on the last day from this trading week. Due to the fall in the price of gold in the wedding season, buyers of gold are quite happy. On Friday, gold became cheaper by Rs 191 per 10 grams on the last day of this trading week. On Friday, the price of gold fell by Rs 191 to Rs 46,283 per 10 grams. Earlier on Thursday, gold had closed at Rs 46,474 per 10 grams. On Friday, the price of 22-carat gold reached Rs 42817 per 10 grams, while the price of 18-carat gold rose to Rs 35057 per 10 grams.

Along with gold, the price of silver also declined on Friday. Silver recorded a major fall of Rs 1,062 on Friday. With this price, the price of silver was reduced to Rs 67,795 per kg. Silver closed at Rs 68,857 per kg last Thursday.

On Friday, gold remained soft at $ 1,769 an ounce in the international market, while silver remained steady at $ 25.92 an ounce. Globally, gold rose 0.24 percent to $ 1,772.50 an ounce in New York.

Let us tell you that gold has been at the level of Rs 47000 per 10 grams for a long time. In such a situation, if you want to invest in gold right now or want to shop for weddings in your family, then gold is now 47 thousand. So this can prove to be the right opportunity for you to buy gold.

Even in terms of investment, the price of gold may be in the range of Rs 47,000 but it is continuously increasing. In such a situation, if you invest in gold, then you can get good returns in the coming time? Compared to the all-time high, gold is still getting cheaper by around Rs 9000 per 10 grams. Significantly, in August 2021, gold touched a high of Rs 56,200 per 10 grams.

It is expected to increase its price in the coming days. According to experts, the price of gold in the domestic market can go up to Rs 50,000 per 10 grams in the coming days. These people say that the weakening of the rupee against the dollar, the fall in US bond yields and the rise in unemployment in the US have supported the rise in gold. Apart from this, investors are also worried about Corona’s rapid rise and are looking at gold as a better investment option.


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