Gold rate today: Big fall in the price of gold and silver, after a long time, gold reached below 50 thousand
Highlights
- Gold fell by Rs 478 to Rs 49,830 per 10 grams
- Silver prices fell by Rs 1,265 to Rs 54,351 per kg
- On July 5, the price of gold in the national capital was Rs 52,050 per 10 grams.
Gold rate today: Gold on Thursday fell by Rs 478 to Rs 49,830 per 10 grams in the national capital due to fall in global gold prices. In the last trading session, gold had closed at Rs 50,308 per 10 grams. Silver also declined by Rs 1,265 to Rs 54,351 per kg. Silver had closed at Rs 55,616 per kg in the previous trading session. In the international market, gold was down at $ 1,689 an ounce. On the other hand, silver remained steady at $18.42 an ounce.
16 days ago the price was above 52 thousand
At the beginning of this month, the price of gold was more than Rs 52 thousand. The price of gold in the national capital on July 5 was Rs 52,050 per 10 grams. At the same time, the price of silver had reached Rs 58,358 per kg. After this, there is a continuous decline in the price of gold and silver.
48 thousand rupees possible till August
Anuj Gupta, Commodity Expert, IIFL Securities told India TV that gold has entered the bear phase. In such a situation, gold can once again come up to Rs 48,000 per 10 grams by the end of July or early August. In such a situation, if there is no hurry, then it would be better to wait for a while to buy gold. There is no demand in the domestic market due to the absence of marriage season. This will also work to reduce the price of gold.
Latest Business News
function loadFacebookScript(){
!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”);
}
window.addEventListener(‘load’, (event) => {
setTimeout(function(){
loadFacebookScript();
}, 7000);
});
,
