Gold Price: There is a steady decline in the price of gold. On Friday, there was a decrease in the price of gold again. Globally also the price of gold decreased.
New Delhi: Gold Price: There is a steady decline in the price of gold. On Friday, there was a decrease in the price of gold again. Globally also the price of gold decreased.
Gold Rate at Rs 52,474 on MCX
In fact, on Friday, gold futures fell by Rs 154 to Rs 52,474 per 10 grams as traders reduced the size of their positions amid weak demand.
On the Multi Commodity Exchange, gold for delivery in June fell by Rs 154, or 0.29 per cent, to Rs 52,474 per 10 grams. It had a business of 16,934 lots. Globally, gold was trading at $ 1,953.90 an ounce with a loss of 0.09 percent in New York.
On Friday also, the price of gold in MCX had fallen by Rs 331.
Gold became cheaper than the record rate
At the same time, according to the Good Returns website, the price of 22 carat gold was recorded at Rs 49,300 per 10 grams on Friday. Compared to the record rate, in August 2020, gold had reached its all-time high rate of Rs 55,400 per ten grams.
If you compare the current price of 22 carat gold with its all-time high rate, then gold is now selling cheaper by Rs 6,100.
Silver prices also fall
Silver prices fell by Rs 322 to Rs 68,084 per kg in futures trade on Friday as traders cut their positions due to weak demand.
On the Multi Commodity Exchange, silver for delivery in May fell by Rs 322, or 0.47 per cent, to Rs 68,084 per kg.
It traded for 5,436 lots. Globally, silver was trading 0.71 percent lower at $ 25.18 an ounce in New York.
