Gold and silver prices continue to fall. Due to this fall, gold has come down to 46 thousand today. In the futures market today, gold is trading lower by Rs 31 on MCX at Rs 45,955 at 1 pm. On the other hand, talking about the bullion market, according to the website of India Bullion and Jewelers Association (IBJA), gold has come down by Rs 125 to Rs 46,185 per 10 grams today.
In the bullion market today silver has come down by Rs 1,256 to Rs 59,875 per kg. However, at 1 pm on MCX, it is trading at Rs 60 thousand per kg with an increase of Rs 8.
So far this month, gold has become cheaper by Rs 1,102 in the bullion market. On September 1, it was Rs 47,287 per 10 grams, which has now come down to Rs 46,185. On the other hand, when it comes to silver, it was at Rs 62,957 per kg on September 1, which has now come down to Rs 59,875. That is, silver has become cheaper by Rs 3,082 so far in September.
In August 2020, the price of gold had reached its all-time high. In August 2020, it had reached a record level of Rs 56,200. Right now gold has come to Rs 46,185, that is, since then gold has become cheaper by Rs 10,015. Talking about silver, its all-time high level is Rs 79,980 per kg. Accordingly, silver has also become cheaper by Rs 20,105 from its all-time high.
Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities says that due to the strengthening of the dollar, the price of gold has come down. Due to this, gold can come close to 45 thousand rupees in the coming days.
According to Anuj Gupta, due to the increase in the price of crude oil, the price of petrol and diesel is likely to increase in the coming days. This can increase inflation. In such a situation, there can be an increase in gold in the long term. According to him, by the end of the year, the price of gold can reach 50 thousand rupees.
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