Gold and Silver Prices in India Today - Check Latest Prices
Gold Price Update: What happened to gold and silver this week, know how much is left
Gold and silver prices have declined this week. On Friday, the last trading day of the week, the prices of gold and silver continued to fall in the Delhi bullion market. On Friday, gold fell by Rs 102 to Rs 48,594 per 10 grams. Silver was also trading at Rs. Closed below Rs 16 at 62,734 per kg. In the bullion market, between December 7 and 11, the price of gold fell by Rs 270 per 10 grams.
Gold and Silver Prices in India Today - Check Latest Prices
latest gold and silver prices
Gold price update: What happened to gold and silver this week, know how much is left ...
Talking about futures prices, gold for delivery in February was trading at Rs. 213 Rs. Closed at 49,290. On Thursday it is Rs. 49,077 and closed at Rs. Opened at 49,150. Similarly, gold for April delivery was at Rs. 177 Rs. Closed at 49,330. Silver also increased to Rs. 70 increased by Rs. 63,600 per kg.
Bullion prices fall
In the Delhi bullion market, gold fell by Rs 102 to Rs 48,594 per 10 grams on Friday. HDFC Securities gave this information. In the previous session, gold had closed at Rs 48,696 per 10 grams. Silver was also trading at Rs. 16 with a reduction of Rs. 62,734 per kg. Previous closing price Rs. 62,750 per kg. In the international market, gold and silver remained almost unchanged at ₹ 1,836 an ounce and ₹ 23.92 an ounce, respectively.
How much has the price fallen since August
On August 7, gold was trading at Rs. 56,254 per 10 grams. Silver also touched Rs 76,008 per kg during the day. But since then they have declined significantly. On Friday, gold had closed at 49,290 per 10 grams. In this way, it has declined by Rs 6964 from the record level. Similarly, the price of silver has also increased by Rs. 12,408. Silver had closed at Rs 63,600 per kg on Friday.
People shop heavily in November
Average sales of gold and silver jewelery rose 16 per cent in November compared to October, although gold prices hit record highs. This information is given in a report. According to data collected by startup OK Credit, there was a 16 per cent increase in average sales per customer in terms of funding, but a 70 per cent drop in average per capita sales of gold jewelery compared to last year's festive season Is. The report said that as gold prices remained high, the average sales of gold jewelery per consumer has declined, with people focusing on buying smaller and lighter jewellery.
Why is gold falling?
Gold prices are falling due to positive news on the vaccine front to deal with the Kovid-19 epidemic. Experts say that investors are turning to the stock market instead of gold due to the improvement in the global economy and the easing of tensions between the US and China. Hence gold prices are unlikely to rise in the near future. However, gold is still considered a good investment option in the long run.
Gold always shines in times of trouble!
Gold always shines in times of trouble. There were several wars in 1979 and gold jumped about 120 percent that year. As recently as 2014, Syria was threatened by the US, but gold prices skyrocketed. However, later it came back to its old level. Gold prices also rose when US tensions with Iran escalated or when the Sino-US trade war broke out.
