Gold Price: There is a huge drop in the price of gold since a week. In the last one week, the price of gold has fallen by more than Rs 1000. Know what is the rate of gold now after such a big reduction in the price of gold.
New Delhi: Gold Price: There is a huge drop in the price of gold since a week. In the last one week, the price of gold has fallen by more than Rs 1000. Know what is the rate of gold now after such a big reduction in the price of gold.
There was a slight increase in the price of gold on May 10,
this week started on May 9. According to the Indian Bullion and Jewelers Association, the price of gold was Rs 51,479 per 10 grams on May 9, which increased to Rs 51,496 per 10 grams on May 10.
Gold became cheaper continuously
Since May 11, after this the price of gold decreased on May 11 and it was recorded at Rs 51,205 per ten grams. Gold became cheaper again on May 12. The rate of gold on that day was Rs 51,118 per ten grams.
Gold became cheaper by Rs 653 on May 13.
On May 13, a tremendous decrease was recorded in the price of gold in the last trading day of the week. On May 13, the rate of gold went down by Rs 653. On that day the price of gold was recorded at Rs 50,465 per ten grams.
In this way, between May 9 and May 13, there was a big drop of Rs 1,014 in the price of gold.
These are the reasons for the decrease in the price of gold
Inflationary pressures, rising interest rates and uncertainties of the Russo-Ukraine war are the reasons for the major fall in gold prices. Gold price is broken between dollar strength, Indian rupee depreciating and high treasury yield.
