New Delhi22 minutes ago
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After the gains of the past days, today gold and silver have become cheap again. Today at 4:30 pm on MCX, gold is trading down by Rs 203 at Rs 47,720. On the other hand, according to the website of Indian Bullion and Jewelers Association, today gold has come down by Rs 92 to Rs 47,771.
silver also became cheaper
Talking about silver, at 4:30 pm on MCX, silver is getting cheaper by Rs 504 and is trading at 68,793. According to the website of Indian Bullion and Jewelers Association, silver has also declined marginally in the bullion market. It has become cheaper by Rs 148 and has come down to Rs 67,641 per kg.
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 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’s why investors need not panic about this fall.
In the international market too, gold came in below $ 1,800
Even in the international market today, the luster of gold has faded. Gold has come down to USD 1,799 an ounce today. On Friday, it had come down to $1,810. However, it may increase again in the coming days.
Gold will get the benefit of rising inflation
Ajay Kedia, director of Kedia Commodity, says that due to the Korana epidemic, inflation has increased rapidly in the country. Whenever inflation rises, gold gets its benefit. Apart from this, now the lockdown has also opened, due to which marriage and other functions will also start. This will also increase the demand for gold in the bullion market.
In August last year, gold had reached 56 thousand
By the time Corona was at its peak last year, the price of gold had reached its all-time high. In August 2020, the record level of Rs 56,200 was reached. At that time, there was an atmosphere of fear among investors due to the Corona epidemic. At this time, once again such an atmosphere will be created.