New Delhi4 hours ago
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After the gains of the past days, today i.e. on Thursday, there has been a big fall in gold and silver. According to the website of Indian Bullion and Jewelers Association, gold has come down by Rs 644 to Rs 47,707 in the bullion market today. On the other hand, talking about the futures market, gold is trading down by Rs 198 at Rs 47,375 on MCX at 4 pm today. However, experts believe that the brightness of gold will increase in the coming days.
Silver also fell by more than Rs 300
Talking about silver, according to the website of Indian Bullion and Jewelers Association, silver has become cheaper by Rs 305 to Rs 66,997 per kg in the bullion market. On the other hand, silver is trading at 66,805 on MCX, becoming cheaper by Rs 332 at 4 pm.
Gold falls by Rs 8,500 from all time high
By the time Corona was at its peak last year, the price of gold had reached its all-time high. In August 2020, it had reached a record level of Rs 56,200. Right now gold has come to Rs 47,707, that is, gold has become cheaper by Rs 8,493 in less than 1 year. Talking about silver, its all-time high level so far is Rs 79,980 per kg. Accordingly, silver has also become cheaper by Rs 12,983 from its all-time high.
In the international market too, gold came in below $ 1,800
Even in the international market today, the luster of gold has faded. On Thursday, gold has come down to US $ 1,797 an ounce. On July 15 in the same month, gold had reached $1,830.
Price will increase in coming days
Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities says that the situation of volatility in gold remains right now. But investors do not need to worry about this, because the brightness of gold may increase in the coming days. It can go up to 55 thousand again by the end of the year. That is why this can be the right time to invest in gold.