Covid-19 vaccines are set to be installed worldwide. The rise of the jugular, the Joe Biden era in the US, and gold and silver prices are declining in the stock markets. The gold spot price, which reached an all-time high during the Corona period, has so far been lower at Rs 7114 per 10 grams and cheaper from silver 10216. On the other hand, if you talk about this year, gold is cheaper by Rs 1158 compared to January 1, 2021, while silver is softer by Rs 1171. On January 1, the average gold price in bullion markets was Rs 50298 and on January 22 it was Rs 49140. Wherever silver was sold on January 1 for Rs 66963. It was priced at Rs 65792 on January 22.
In August 2020, gold broke all records
On August 7, 2020, gold opened at 56254 in bullion markets across the country. It was an all-time high. After this, after a slight decline in the evening it was priced at Rs 56126 per 10 grams. As for silver, today it opens at Rs.7,008 per kg and is priced at Rs 75013 Let us tell you that the price of silver in the MCX rose to Rs 73,600 per kg on 25 April 2011, while in the spot market the price of silver in 2011 was Rs 77,000 per kg. On March 16, 2020, the price of gold was Rs 38,400 per 10 grams.
This is how gold and silver move in the last week
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| Date and day | Evening Gold Rate (Rs / 10g) |
Silver Evening Rate (Rs / kg) |
| 22 January 2021 (Friday) | 49140 | 65792 |
| 21 January 2021 (Thursday). | 49659 | 67160 |
| 20 January 2021 (Wednesday) | 49262 | 65988 |
| 19 January 2021 (Tuesday) | 49141 | 65801 |
| 18 January 2021 (Monday) | 48969 | 64895 |
| 15 January 2021 (Friday) | 49327 | 65420 |
Source: IBJA
The ups and downs can continue
Navneet Damani, Vice President of Motilal Oswal Financial Services, said that gold has dropped from Rs. 50,000 to Rs. He said these fluctuations could continue in the coming days. “The Stimulus Package served as a steroid for stock markets,” says Ajay Kedia, director and research head of Kedia Capital. The rapid growth it has caused is not called natural speed. When the corona epidemic hit India, markets began to decline.
Tea cup boiling inflation, pigeon pulses are expensive
Ajay Kedia, director and head of research at Kedia Capital, explains: “Gold in 2007 was around Rs 9,000 per ten grams and in 2016 it reached 31 thousand rupees per ten grams. That means three times more than nine years. It should be known that whenever interest rates fall, investment in gold increases. The stock market has fallen significantly due to the corona virus epidemic. There are fluctuations in the price of gold.
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