Gold price update: Diwali and Dhanteras are at the door. Shopping excitement is on high three days ahead of Diwali and two days ahead of Dhanteras. The price of gold and silver have been fluctuating steadily over the last few days. According to experts, this is the right time for buying Gold. Know the reasons.
On Thursday, along with the price of gold, there was a fall in the price of silver. On Wednesday, the third day of this trading week, gold closed below the level of Rs 50300 per 10 grams and silver Rs 55700 per kg. At present, gold is getting cheaper by about Rs 6000 and silver by Rs 24000 from its all-time high.
On Wednesday, gold became cheaper by Rs 404 per ten grams and closed at Rs 50236 per 10 grams. Whereas on the last trading day on Tuesday, gold became cheaper by Rs 68 per ten grams and closed at Rs 50362 per 10 grams.
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Today gold became cheaper by Rs 227, while the price of silver is seen falling by Rs 245. After this fall, gold is selling below Rs 50000 and silver is selling near Rs 56000. Not only this, gold is getting cheaper by about Rs 6000 per 10 grams and silver at the rate of about Rs 24,200 per kg from the all-time high.
Gold down by Rs 6000 and silver Rs 24300 from all time high
Gold is cheaper by about Rs 5964 per 10 grams than its all-time high. Let us tell you that gold had made its all-time high in August 2020. At that time gold had gone up to the level of Rs 56200 per ten grams. At the same time, silver was getting cheaper at the rate of about Rs 24374 per kg from its highest level. The highest ever level of silver is Rs 79980 per kg.
Gold and Silver status on IBJA
According to the website of the Indian Bullion Jewelers Association (IBJA), on the third day of this trading week, on Wednesday (October 19), gold became cheaper by Rs 227 per ten grams and opened at Rs 50135 per ten grams. Whereas on the last trading day on Tuesday, gold became costlier by Rs 8 per ten grams and closed at Rs 50362 per 10 grams.
On the other hand, today silver (Silver Price Update) became cheaper by Rs 245 per kg and opened at Rs 55765 per kg. Whereas on the last trading day on Tuesday, silver became costlier by Rs 399 and closed at Rs 55765 per kg.
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Gold and Silver Rates on MCX
Like the Indian Bullion Jewelers Association (IBJA), on the Multi Commodity Exchange (MCX) too, silver along with gold is trading with a fall today. Today on MCX, gold is cheaper by Rs 130 and is at Rs 50,284 level. While silver is trading at Rs 56,160 with a fall of Rs 194.
Gold 5800 and silver 23800
At present, gold is selling cheaper by about Rs 6065 per 10 grams than its all-time high. Gold had made its all-time high in August 2020. At that time gold had gone up to the level of Rs 56,200 per ten grams. At the same time, silver was getting cheaper at the rate of about Rs 24215 per kg from its highest level. The highest ever level of silver is Rs 79980 per kg. In such a situation, for those who are planning to buy gold or silver, this can prove to be a good buying opportunity for them.
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