Gold and Silver Price: Gold and Silver prices have come down drastically in 2021, prices have been so much
Gold And Silver Price. In the year 2021, there has been a good fall in the Gold and Silver Price. Gold and silver have become cheaper in the last three months. Where the price of gold has fallen by more than 4600 rupees. While the price of silver has been broken by over 3500 rupees. The special thing is that this week there has been a recovery in the price of gold and silver. Where gold has crossed Rs 45,000. At the same time, the price of silver has crossed Rs 65,000. According to experts, the fall in the price of gold and silver this year has come due to the rise of the dollar against the rupee and the economic recovery. Let us also tell you how much the price of gold and silver has become in the futures market.
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Gold more than 4600 rupees broken this year
This year, gold has broken more than 4600 rupees. When the futures market closed on December 31, 2020, the price of gold was Rs 50,039 per ten grams. On 1 April, the price of gold has come to Rs 45,418. In such a situation, since then, the price of gold has fallen by Rs 4621 per ten grams. Let us tell you that in the first week of August 2020, gold prices reached an all-time high of Rs 56191 per ten grams.
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Silver also became cheaper
On the other hand, there has also been a drop in the price of silver. In 2021, there has been a steep fall in the price of silver. Silver closed at Rs 68,600 per kg on 31 December. Today, on 1 April, silver has come down to 65,089 rupees. In this case, silver has been broken at Rs 3511 per kg. Prior to August 2020, silver reached an all-time high of Rs 79,980 per kg.
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Gold and Moon became costlier in the current week
On the other hand, light recovery has been observed in the current week. According to the data, the price of gold has seen a rise of 307 rupees per ten grams. In fact, gold had closed at Rs 45,418 on April 1. Whereas gold had closed at Rs 45,111 on 26 March. Talking about silver at the same time, it has become expensive by Rs 284 per kg. On 26 March, silver was at 64,805 rupees. Today silver is at 65,089 rupees.
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Dollar has gained momentum
Ajay Kedia, director of Kedia Advisory, says that the dollar has seen a boom this year. At the same time economic recovery has come. Due to which the effect of gold and silver price is being seen. Apart from this, the price of gold and silver is coming under pressure due to the introduction of the corona vaccine. At the same time, Anuj Gupta, Vice President (Commodity and Currency Research) of IIFL, says that the rise in bond yields over the past few days has supported the price of gold and silver. Inflation will also support the price of gold. In such a situation, the price of gold can once again touch the figure of 50 thousand.