Gold for April delivery on MCX opened with a gain of Rs 40 today and rose as the day went up. It was trading at Rs 44894 with a gain of Rs 144 at 10.30 am. In the morning session it touched a minimum of Rs 44790 and a maximum level of Rs 44964. Gold for June delivery was also trading at Rs 45246, up by Rs 139. Similarly, silver for May delivery was trading up by Rs 260 to trade at Rs 67104 per kg.
Today, the rate of gold is seen rising. Gold for April delivery on MCX opened with a gain of Rs 40 today and rose as the day went up. It was trading at Rs 44894 with a gain of Rs 144 at 10.30 am. In the morning session it touched a minimum of Rs 44790 and a maximum level of Rs 44964. Gold for June delivery was also trading at Rs 45246, up by Rs 139. Silver for May delivery was trading up by Rs 260 to trade at Rs 67104 per kg.
Gold prices fell by Rs 291 to Rs 44,059 per ten grams on Friday in the bullion market amid falling prices of precious metals in the international markets. HDFC Securities gave this information. Gold had closed at Rs 44,350 per 10 gram in the previous trading session. Silver also dropped by Rs 1,096 to Rs 65,958 per kg. The previous closing price of silver was Rs 67,054 per kg. In the international market, gold declined to $ 1,707 an ounce and silver also softened to $ 25.67 an ounce.
Gold prices fell by Rs 291 to Rs 44,059 per ten grams on Friday in the bullion market amid falling prices of precious metals in the international markets. HDFC Securities gave this information. Gold had closed at Rs 44,350 per 10 gram in the previous trading session. Silver also dropped by Rs 1,096 to Rs 65,958 per kg. The previous closing price of silver was Rs 67,054 per kg. In the international market, gold declined to $ 1,707 an ounce and silver also softened to $ 25.67 an ounce.
Will gold fall or rise now?
At present, gold has reached the level of Rs 44,059 per 10 grams. In August, gold touched an all-time high of $ 2010 an ounce, a fall of 15 per cent so far. Analysts believe that gold will fall further. 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 has fallen more than 12 thousand rupees
The price of gold has dropped by more than 12 thousand rupees from its all-time high. Gold had climbed by 28 percent in 2020 and now has fallen more than Rs. 12 thousand. In this year also, there has been a huge decline in gold. Not only this, silver has also seen a fall of up to 10 thousand rupees. In August, gold touched an all-time high of Rs 56,310 and now gold has reached the level of Rs 44,059 per 10 grams.
Invest in Gold or Elsewhere?
If you talk about gold, then last year gold has given a return of 28 per cent. Last year too, gold returns were around 25 per cent. If you are investing for a long term, then gold is still a very safe and good option for investment, which gives excellent returns. However, experts are assuming that gold can go below the level of 40 thousand, then you can wait a few more days.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
