Gold Price Today: This is the right time to buy gold, gold became cheaper by 12 thousand rupees
Gold Price Today. If you have not yet bought gold, then this is the right time for you. There has been a steep fall in the gold price today. Gold has become much cheaper this week. If compared to its alltime high, gold has become cheaper by Rs 12000. According to experts, gold may become cheaper in the coming days. At the same time, today, on Friday, the price of gold continues to fall.
Gold has become cheaper
Gold Price Today On Friday, today, the futures market is trading with a fall of more than 100 rupees on the Multi Commodity Exchange. After which the price has come down to Rs 44,590 per ten grams. During the trading level, the price of gold reached the day’s low with Rs 44,550. On Thursday, gold prices closed at Rs 44695 per ten grams.
Gold prices in the last ten days
| The date | Gold Price (Rupees per ten grams) |
| 25 March | 44695 |
| 24 March | 44860 |
| 23 March | 44646 |
| 22 March | 44905 |
| 19 March | 45021 |
| 18 March | 44951 |
| 17 March | 44840 |
| 16 March | 44813 |
| 15 March | 44900 |
| 12 March | 44750 |
Gold falls drastically in four days
At the same time, if we talk about the last four days, there has been a huge fall in the price of gold. Gold had closed at Rs 45,021 per ten gram on the last trading day of the previous week. On Thursday, gold closed at Rs 44,695 per ten grams. If you see the difference in price, gold has become cheaper by Rs 326 per ten grams. Whereas in August 2020, gold reached its all-time high of Rs 56191 per ten grams. From there, gold has become cheaper by Rs 12000 per ten grams.
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Gold prices flat in foreign market
Talking about foreign markets, gold is seen trading at a flat level. In the New York Comex Market of Statistics, gold is trading at $ 1728.40 per onus, with a price of just $ 1.10 per ounce. While the price of gold spot is trading at a low of $ 0.45 per ons at $ 1727.38 per ons.
What do you know?
Ajay Kedia, director of Kedia Advisory, says that the main reason for the fall in the price of gold is the fall in the dollar. On the other hand, due to the arrival of Kovid case in Europe, the pace of economic recovery may slow down. Because of which investors can once again move to gold. Due to which the price of gold can increase. He also pointed out that the wedding season is going to start in India from the month of April. Due to which the demand has increased. Due to this, the price of gold can also see a rise.