Gold Price: Wedding season is going on. Many people are buying gold and silver jewelry. Meanwhile, the news of gold becoming cheaper has come on Friday. Due to the cheap gold, the faces of the customers have blossomed.
New Delhi: Gold Price: The season of weddings is going on. Many people are buying gold and silver jewelry. Meanwhile, the news of gold becoming cheaper has come on Friday. Due to the cheap gold, the faces of the customers have blossomed. Gold prices fell by Rs 184 to Rs 48,771 per 10 grams in the futures market on Friday as traders reduced their deals amid weak demand.
Softening of gold prices
On the Multi Commodity Exchange (MCX), gold for delivery in February fell by Rs 184, or 0.38 percent, to Rs 48,771 per 10 grams. It traded for 11,395 lots. According to analysts, there was a softening in the price of gold due to the reduction in the deals of the speculators.
At the same time, globally, gold fell 0.53 percent to $ 1,827.70 an ounce in New York.
Gold prices fell on Friday
According to media reports, gold prices fell on Friday. After rising US inflation and strong comments by a Federal Reserve official, there are chances of a hike in the interest rate next month. This has resulted in higher Treasury yields.
Silver prices also fell
At the same time, silver also registered a decline of 0.3 percent, which has come down to $ 23.12 an ounce after the decrease. At the same time, silver March futures are trading at Rs 63 thousand with a decrease of 1.03 percent i.e. Rs 653.
Know how much gold and silver were sold in metros
According to media reports, the price of 22 carat gold in Delhi was recorded at Rs 45,800 per ten grams. At the same time, the price of silver was Rs 62,700 per kg. Similarly, 22 carat gold was sold at Rs 45,800 and silver at Rs 62,700 per kg in Mumbai.
In Kolkata also, the price of gold was Rs 45,800 per ten grams while silver was sold at Rs 62,700 per kg. In Chennai, 22 carat gold was sold at Rs 46,010 per ten grams and silver at Rs 66,800 per kg.
Gold became so much cheaper than the record price
In August, 2020, the price of gold had reached Rs 55,400 per ten grams. If we compare the current price of gold at Rs 45,800 per ten grams, then we will find that gold is selling cheaper by Rs 9,600 per ten grams than the all-time high rate.
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