There is good news for gold buyers. On the last day of this trading week also there was a fall in the price of silver along with gold.
New Delhi: There is good news for gold buyers. On the last day of this trading week also there was a fall in the price of silver along with gold.
Gold has thus become cheaper by about Rs 8900 per 10 grams from its all-time high. In August last year, gold had reached an all-time high of Rs 56,200 and is currently trading at Rs 47,500 per 10 grams.
This is a huge downside for investing. At the same time, the highest level of silver is Rs 79,980 per kg.
Accordingly, silver is also cheaper by about Rs 12000 from its highest level. Today silver is at Rs 66790 per kg.
On Friday, the fifth and last day of this trading week, gold has become cheaper by about Rs 100 per 10 grams. After this fall, gold was trading at the level of 47504 per 10 grams. Gold has thus reached its lowest price level in the last one month.
On the last day of the first trading week of this month, the futures price of gold and silver declined in the domestic market on Friday. On Friday, August 6, gold futures on MCX fell 0.2 per cent to Rs 47,498 per 10 grams. This is the lowest price level of gold in about a month.
Along with gold, the price of silver also saw a fall on Friday. Silver has become cheaper by Rs 208 per kg. After this fall, silver remained at the level of Rs 66790 per kg.
This was the price of gold last week
Last Monday, the price of gold had risen by Rs 169 in the Delhi bullion market. After this, gold closed with a fall of Rs 123 and Rs 61 respectively on Tuesday and Wednesday. On Thursday, it again saw a rise and the price climbed to Rs 382.
On Friday, the last day of the trading week, the price of gold rose by Rs 294 to close at Rs 47,442 per 10 grams. In this way, a rise of Rs 661 was recorded in gold during the whole week.
14 to 24 carat gold latest price
In the Indian bullion market on Friday, 24 carat gold Rs 47731 per 10 grams, 23 carat gold Rs 47540 per 10 grams, 22 carat gold Rs 43722 per 10 grams, 18 carat gold Rs 35978 per 10 grams and 14 carat gold. The gold price remained at Rs 28000 per 10 grams.
Gold and silver rates in metros
In the Delhi bullion market, the price of 24 carat gold was Rs 49900 per ten grams and the price of 22 carat was Rs 45750 per ten grams. On the other hand, in the Mumbai bullion market, the price of 24 carat gold was Rs 46700 and 22 carat was priced at Rs 45700 per ten grams.
On the other hand, in the Kolkata bullion market, the price of 24 carat gold was Rs 48000 and the price of 22 carat was Rs 46500 per ten grams. In the Chennai bullion market, the price of 24 carat gold remained at Rs 48440 and 22 carat price at Rs 44400 per 10 grams.
In the Delhi bullion market, silver was priced at Rs.65,000 per kg, while in the Mumbai bullion market, silver was priced at Rs.65,000 per kg.
On the other hand, the price of silver in the Kolkata bullion market also remained at Rs 65,000 per kg while in the Chennai bullion market silver price remained at Rs 70,200 per kg level.
Gold may cross 52500 mark by Diwali
According to bullion market experts, this is the right time to buy gold. By Diwali, the price of gold can cross the figure of Rs 52500 per 10 grams. If you invest in gold now, then you can make good profits in the coming days.
According to a report, like last year, this year also the price of gold may set new records. Some believe that by the end of this year, gold may even cross Rs 60,000 per 10 grams. Therefore, gold buyers or investors should buy gold now in order to get good returns in the coming days.