Gold Price Updates: If you are planning to buy gold, then keep an eye on its price. Yes … the rate of gold is seen on the first day of the week, that is, today. Due to strong spot demand, speculators bought fresh deals, on which gold rose by Rs 44 to Rs 44,794 per 10 grams in futures trade on Monday. On the Multi Commodity Exchange (MCX), the price of gold futures delivered in April rose by Rs 44, or 0.1 per cent, to Rs 44,794 per 10 grams. It traded for 10,231 lots.
Market analysts said fresh buying by traders led to rise in gold futures. In the international market, New York, gold was up 0.23 percent to $ 1,723.80 an ounce.
Gold rises by Rs 61 and Khandi by Rs 162
On Monday, gold prices rose by Rs 61 to Rs 44,364 per ten grams in Delhi Bullion Market. HDFC Securities gave this information. In the previous trading session, gold had closed at Rs 44,303 per 10 grams. Silver improved by Rs 162 to Rs 66,338 per kg. The previous closing price of silver was Rs 66,176 per kg.
Tapan Patel said
HDFC Securities Senior Analyst (Commodities) Tapan Patel said that despite the improvement in the rate of rupee, the 24-carat gold spot price in Delhi rose by Rs 61. The rupee gained 33 paise to 72.46 against the US currency. In the international market, gold fell marginally to $ 1,726 an ounce, while silver remained almost unchanged at $ 25.95 an ounce.
Now the price of gold will fall
At present, gold has reached the level of Rs 44,059 per 10 grams. If you remember, in August, gold had touched the highest level of $ 2010 an ounce, so far a 15 per cent decline has been recorded in the price of gold. According to experts, gold will fall further. Gold can fall to $ 1500 an ounce, after which it will be seen to be stable. If the information of the experts proves to be true, then gold can reach near the level of Rs 38,800 per 10 grams, which will be a matter of benefit for the buyers and investors. Stay with us for the fall in the price of gold and updates from News in Hindi.
Gold was at an all time high
If you remember, gold touched its all-time high in the month of August last year. Now there is a golden opportunity for those who want to buy gold. Talking about August 2020, the spot price of gold in Delhi Bullion Market reached Rs 57008 per 10 gram mark this month, which is the highest level of gold so far. But now the price of gold has fallen more than 12000 rupees and has reached very low and according to experts it will fall further in the coming days. If the price of gold is 39 thousand rupees, then it will be about 18 thousand rupees cheaper than its all-time high.
