Tuesday, September 27, 2022

Gold Price Update: Golden opportunity for gold buyers, price drop by up to Rs 12000

New Delhi: Gold is good news for buyers during the wedding season. The price of gold has fallen by up to Rs 12,000 from the highest price. Last year, gold reached its highest level on 7 August 2020. The price of gold had crossed 56200 on this day. In comparison, the price of gold has fallen by about 13 thousand rupees till now.

However, the price of gold recorded a slight increase on the first day of the third trading week of March in the year 2021. On Monday, gold rose by Rs 61 to Rs 44,364 per 10 grams in Delhi’s Sarafa Bazar. It closed at 44,303 per 10 grams on Friday, the previous trading day. Silver rose by Rs 162 to Rs 66,338 per kg. It closed at Rs 66,176 a kg on Friday. The futures prices of both have also increased. In the international market, gold declined to $ 1,726 an ounce and silver remained flat at $ 25.95 an ounce.

If you are thinking of shopping for a wedding, then it will not provide a good chance. However, if you want to invest in gold, then you can stay for some time. If bullion market experts are to be believed, gold will be cheaper in the coming days. It is believed that gold may fall to $ 1500 an ounce, after which it will show stability. That is, according to this, if seen in Indian rupees, gold can reach near the level of about Rs 38,800 per 10 grams.

Gold and silver prices rose again. According to HDFC Securities, gold rose by Rs 61 to Rs 44,364 per 10 grams in the national capital on Monday. It closed at 44,303 per 10 grams on Friday, the previous trading day. Silver rose by Rs 162 to Rs 66,338 per kg. It closed at Rs 66,176 a kg on Friday. The futures prices of both have also increased. In the international market, gold declined to $ 1,726 an ounce and silver remained flat at $ 25.95 an ounce.

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Nation World News Desk
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