New Delhi: The rising havoc of Corona and the wedding season is good news for gold buyers. If you too are planning to buy gold on the occasion of marriage, then this news is important for you. Gold prices continue to fluctuate. Both gold and silver lost their luster on Monday. In the Indian bullion markets, the rate of 24-carat gold on Monday was close to Rs 47000 per 10 grams, while the price of silver was above Rs 68000.
On Monday, there has been a change in the price of gold from 24 carat to 14 carat. On Monday, the spot price of 24 carat gold in bullion markets across the country declined by Rs 60 to close at Rs 46,900 on Friday. On Friday, the price of gold was Rs 46,960 per 10 grams. On Monday, the price of 23 carat gold – Rs 46772, the price of 22 carat gold – Rs 43015 and the price of 18 carat gold closed at Rs 35220 per 10 grams.
On the other hand, on Monday, its price reached Rs 68297 per kg. On Monday, silver saw a slight rise of Rs 178. On Friday, silver had closed at Rs 67800 per kg.
If you talk about the all time high rate of gold, then it has fallen to 9300 rupees. On 7 August 2020, gold reached its all-time high rate of Rs 56200 per 10 grams. On Monday, gold has closed at Rs 46900 per 10 grams. If you compare this price, gold is currently getting cheaper by Rs 9300 per 10 grams.
Significantly, gold has remained 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 currently 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.