Latest Price Of Gold: There has been a huge drop in the prices of gold and silver since June 1. In the last 20 days, gold has fallen by 2,053 per cent to Rs 3,726. On Friday, 10 grams of gold was trading at Rs 47,266 and silver at Rs 68,687 per ten grams. According to the website of the India Bullion and Jewelers Association (ebayarets.com), in June, gold and silver spot prices in bullion markets across the country are as follows …
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|Date and day||Early morning gold price (Rs. 10 g)||Gold Evening Rate (Rs. 10 g)||Good Morning Rate (Rs / kg)||
Silver Evening Rate (Rs / kg)
|18 June 2021||47201||47266||68379||68687|
|17 June 2021||47611||47566||70079||69520|
|16 June 2021||48529||48397||71390||71393|
|15 June 2021||48619||48598||71359||71202|
|14 June 2021||48475||48345||71368||71340|
|11 June 2021||49248||49028||73353||72139|
|10 June 2021||48843||48750||71173||71224|
|09 June 2021||49039||488981||70915||70819|
|08 June 2021||49047||49031||71294||71331|
|07 June 2021||48760||48806||70660||70750|
|04 June 2021||48567||48578||70308||70167|
|03 Jun 2021||49211||49002||71700||71240|
|02 June 2021||49278||49218||71482||71351|
|01 June 2021||49422||49319||72448||72413|
Future market position
Gold fell by 4.40 per cent and silver by 6.43 per cent in the domestic market last week amid heavy pressure on yellow metal abroad. In the MCX futures market, gold prices fell by Rs 2,152 a week or 4.40 per cent to Rs 46,728 per 10 grams on the weekend. On the last trading day, the Gold Mini was trading at Rs 46,592 per ten grams and was trading at Rs 2,125 per week. Or 4.36 per cent.
Both precious metals were under pressure following the US Federal Reserve’s Federal Reserve’s monetary policy statement. In its statement released on Wednesday, the Fed said it expects policy interest rates to increase by 0.6 percent by 2023. Globally, spot gold fell 104.25 per cent (5.55 per cent) to $ 1,772.80 last week. This is the biggest weekly drop in a year.
US gold futures in August lost $ 115.60 (6.15 percent) to $ 1,763.90 per ounce on Friday. At the domestic level, silver weakened by Rs 4,647 during the week under review and Rs 67,580 per kg over the weekend. Silver Mini has dropped from Rs 4,425 to Rs 67,820 per kg. In the international market, silver’s silver is trading at $ 25.86 at $ 2.07 (7.41%).
That’s what the experts say
Amit Sajeja, who has an affiliation with Motilal Oswal, says gold prices may fall further in the coming days. Such investors should be monitored for the next two to four days. It is best to invest once prices start to rise. It is believed that up to Diwali this year, the price of gold could rise to over 53 thousand.
By 2020, gold will be 28% more expensive
The year 2020 proved to be very good for gold. Gold prices are up nearly 30 percent. Gold is 25 per cent more expensive in the global market. Earlier in 2019, the price of gold rose by double digits. The corona virus is due to skyrocket in gold prices in 2020, so people are looking for a safe place to invest.