After rising for 3 consecutive days this week, today gold and silver have declined. Today gold has come down to 47 thousand and silver at less than 68 thousand rupees. Gold is trading down by Rs 167 at Rs 46,905 today at 1 pm on MCX. On the other hand, according to the website of the Indian Bullion and Jewelers Association, today gold has come down by Rs 165 to 47,060. Gold has become cheaper by Rs 2500 so far this month.
Talking about silver, silver is getting cheaper by Rs 310 on MCX at 1 pm and is trading at 67,620. According to the website of the Indian Bullion and Jewelers Association, silver has also declined marginally in the bullion market. It has become cheaper by Rs 58 to Rs 67,866 per kg.
According to the website of the Indian Bullion and Jewelers Association, if we talk about the month of June, so far this month gold has become cheaper by Rs 2362. At the beginning of this month i.e. on June 1, gold was at Rs 49,422, which has now come down to Rs 47,060. On the other hand, when it comes to silver, it has come down to Rs 4,562 from Rs 72,428 to Rs 67,866.
In the international market too, gold has slipped to the US $ 1777 an ounce. It was around 1900 on 1 June. However, experts believe that gold may become expensive again in the coming days.
Anuj Gupta says that investors do not need to be worried about this fall of gold. This fall is not going to last long and by the end of this year, gold can go up to Rs 55 thousand. At the same time, silver can also go up to 80 thousand.
Ajay Kedia, director of Kedia Commodity, says that inflation has increased rapidly in the country due to the Korana epidemic. 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.
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.
