New Delhi24 minutes ago
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There has been a slight decline in the price of gold today. On Thursday, gold has become cheaper by Rs 61 to Rs 49,211 per 10 grams. On the other hand, if we talk about silver, since today it has become expensive by Rs 218 and has reached Rs 71,700 per kg. Experts believe that by the end of this year gold can go up to 60 thousand. However, so far this month, gold has become costlier by Rs 179 and silver by Rs 350.
Gold is trading at Rs 49,235 on MCX at 2:30 pm. Today gold has become cheaper here by Rs 366 so far. On the other hand, if we talk about silver, then it is trading at Rs 71,913, which is Rs 765 less than yesterday.
Gold became costlier by Rs 2,241 and silver by Rs 3,550
Gold has become costlier by Rs 2,241 in May. On April 30, gold was at Rs 46,791 per 10 grams, which reached Rs 49,032 on May 31. On the other hand, when it comes to silver, it was at Rs 67,800 per kg on 30 April, which reached Rs 71,350 on 31 May. That is, in May itself, it has become expensive by Rs 3,550. Earlier in April, gold became costlier by Rs 2,601 and silver by Rs 4,938.
Gold became twice as expensive in just 5 years
Gold has given great returns in the last few years. In less than five and a half years, gold has become twice as expensive and has crossed Rs.49 thousand. On January 27, 2016, gold was at Rs 24,500. Experts believe that gold can go up to 60 thousand by the end of this year.
In the international market also, gold came at $ 1,894 an ounce.
In the international market too, gold has come down to US $ 1,894 an ounce, which was at $ 1908 on Wednesday. In the coming time, it can go beyond $ 2,000. At the beginning of May, it was at the level of $ 1,770 an ounce.
Increasing demand for gold in the country
According to the latest data of the Ministry of Commerce, in April, gold imports worth $ 6.3 billion, about 46 thousand crore rupees, have been done. In the same period a year ago, only $2.82 million was imported gold worth about Rs 21.61 crore. That is, now the demand for gold has started increasing.
Gold is the best option for stable and good returns
Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities says that you can invest in gold for the long term. This will not be affected by the current price volatility. Even if the price of gold decreases, it will increase again after some time. In such a situation, if you are thinking of investing in gold now, then you can invest in Sober Gold Bond.