Gold became cheaper by more than Rs. 10,000 a year, know the latest price – Gold becomes cheaper by more than 10 thousand rupees in a year, know the latest price
Today, from the local futures market to the foreign futures market, there has been a big decline in gold and silver. Where there has been a big fall in gold and silver in New York. On the other hand, gold in India has come down to a four-month low. The special thing is that the gold which had set the all-time record a year ago has become cheaper by more than Rs 10,000 today. A similar situation is also being seen in silver.
Let us tell you that in the first week of August last year, gold went to an all-time high with Rs 56191 per 10 grams. While the price of silver has also come down below Rs 63500. That is, in a year, it has come down to about 16 thousand. Let us also tell you how much gold and silver have come at the present time and how much has become cheaper in a year.
How cheap did gold become in a year: Today, gold fell to a four-month low with Rs 45,956 per gram during trading levels on the Multi Commodity Index. Whereas a year ago on August 7, gold went to an all-time high with Rs 56191 per ten grams. That is, today gold has become cheaper by up to Rs 10,235. At present, gold is trading at Rs 46,204 per ten grams with a fall of Rs 436 per ten grams on MCX.
Silver became cheaper by Rs 16,500 in a year: If we talk about silver, it has become cheaper by Rs 16,500 per kg in a year. Whereas in the trading day today, silver had reached the low of the day with Rs 63,455 per kg. Whereas a year ago on August 7, the price of silver reached an all-time high of Rs 79,980 per kg. At present, silver is trading at Rs 63,968 per kg with a fall of Rs 1032 per kg.
Gold and silver exploded in foreign markets: On the other hand, when we talk about foreign markets, gold and silver have become a rage. In the Comex market of New York, gold is trading at $ 1748 with a fall of $ 15. While the gold spot is trading at $ 1741 per ounce with a fall of $ 22. If we talk about silver, then with a fall of 1.28 percent in the futures market, it is trading at $ 24.02 per ounce. While the price of silver spot is trading 1.90 percent at $ 23.87 per ounce.
Will gold be cheaper? IIFL Vice President Anuj Gupta (Commodity & Currency) says that the rise in the dollar has led to the rise in the price of gold. He said that the dollar has seen a rise due to better employment data in the US. There is a fall in the price of gold and silver. In the coming few days, gold can remain in the range of 45 thousand.
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