New Delhi: There is good news for gold buyers. Once again, the price of Gold Prices Today has reached below 45000 rupees per 10 grams. After rising gold prices for four consecutive days in this business week, once again the gold price has registered a decline. Today, gold has become cheaper on the fifth and last day of this trading week. Today, gold is trading down 0.1% to around Rs 44,904 per 10 grams. Silver has also slipped 1% to 67,100 per kg.
Significantly, on Thursday, the price of gold had increased by Rs 105 per 10 grams. On the other hand, silver was seen rising up to Rs 1,000 per kg. Let us tell you that in August 2020, gold reached a record level of Rs 56,200. Even in the international market, gold prices are at a 9-month low. Gold spot fell 0.4 percent today to $ 1,730.06 an ounce. In the international market, silver was down 0.6% at $ 25.89.
According to experts, the concerns of corona infection are now going away from the minds of the people. Hence, people are no longer buying gold as a safe investment. Investors have turned to the stock market. Hence, prices may fall further in the coming days. In the domestic bullion market, the price of gold can fall to 40 thousand rupees per ten grams. At the same time, these people say that the trend of declining gold prices may continue for the next 15 days. But, it is expected to reach Rs 50 thousand per ten grams again by Diwali.
In fact, Finance Minister Nirmala Sitharaman has announced a 5 percent reduction in import duty on gold and silver in the budget proposal. Currently, 12.5 percent import duty has to be paid on gold and silver. But now from October 1, only 7.5% import duty will be paid on gold and silver. This will also reduce the prices of gold and silver.