Gold Price Today: There has been some increase in the price of gold in the bullion market on Tuesday. Despite this, gold is selling much cheaper than its record high rate, so you can give gold jewelery as a gift to your loved ones this festive season. Let us know what is the new price of gold today in the bullion market:
New Delhi: Despite the continuous fluctuations in the price of gold for a long time, the demand for gold in the market has increased very fast. There has been some increase in the price of gold in the bullion market on Tuesday. Despite this, gold is selling much cheaper than its record high rate, so you can give gold jewelery as a gift to your loved ones this festive season. Let us know what is the new price of gold today in the bullion market:
Gold price in the market today
After the increase in the price of gold in the bullion market, the price of 22 carat gold has reached Rs 47,350 per ten grams on Tuesday. According to the Goodreturns website, before the market opened, there was an increase of Rs 500 per ten grams in the price of gold. Earlier on Monday, an increase of Rs 350 per ten grams was seen in the price of 22 carat gold.
Apart from this, the price of 24 carat gold also saw an increase on Tuesday. Before the market opened on Tuesday, the price of 24 carat gold was Rs 51,110 per ten grams. After this, there was an increase in the price of gold by Rs 550 per ten grams, after which it is now selling at Rs 51,660 per ten grams.
Gold became so much cheaper than the record rate
In the month of August 2020, the price of gold had reached its all-time high rate. In August, 2020, the price of gold had reached Rs 55,400 per ten grams. Today, the price of 22 carat gold in the market is Rs 47,350 per ten grams. If you compare today’s price with its all-time high rate, then you will see that gold has broken up to Rs 8,050 per ten grams.
Gold rate on MCX
Gold futures on Tuesday rose by Rs 275 to Rs 51,435 per 10 grams as traders increased their positions amid strong spot demand. On the Multi Commodity Exchange, the December supply contract of gold was trading higher by Rs 275 or 0.54 per cent at Rs 51,435 per 10 grams. It had a business turnover of 18,186 lots. Market analysts said buying of fresh positions by participants led to the rise in gold futures. Globally, gold was trading 1.01 per cent higher at USD 1,719.20 an ounce in New York.
