Gold and silver declined in the Indian market on Monday. On Monday, gold at MCX fell 0.9 per cent to Rs 50,130 per 10 grams of gold. Silver also fell 0.88 per cent to Rs 60,605 per kg.
What is the price of gold in the country?
Gold prices rose 0.4 per cent last week, but are back on track. On August 7, gold and silver prices hit an all-time high. The price of each 10 gram of gold rose to Rs. This is the international market price. The price of jewelry gold (22 carats) varies according to the region.
Good news for jewelry lovers, gold prices on the decline!
Will the price of Diwali drop: According to market experts, gold will fall further during Diwali. This does not mean, however, that the 7-month back rate comes into play. It is expected that every 10 grams of gold will fall by 1000 to 1500 rupees above the current rate. Experts warn, however, that you should not look at the stock market from the wrong perspective. Experts say the price of gold will remain around 50 thousand rupees even during Diwali.
The vision of international market investors rests on US President Donald Trump. Gold prices hit $ 1,900 per ounce in the global market on Monday. There was an increase in the value of the dollar for a few days. However, the dollar’s fall in value on Monday helped investors buy gold.
The value of gold has been trending up in the international market in recent times. This is due to stock market volatility and fluctuations in the value of the dollar. Price fluctuations in the international market are also affecting the Indian gold market.