Gold Price Today Down: Gold Price Fall Continue In Commodity Exchange – Gold Rate Fall Gold Rate Falling; Gold is cheaper by Rs 7,500 as compared to the highest level Maharashtra Times
Gold had taken a record run in the first wave of the Corona crisis. Gold prices in the global commodity market had touched १ 1900 per ounce. In the domestic market, gold had touched a record high of Rs 56,300. Today, however, gold has come down to Rs 48,800.
On the Multi Commodity Exchange, gold settled at Rs 48,880 on Friday. It fell by Rs 318. Gold, on the other hand, rallied, while silver rallied. At the close, the silver price settled at Rs 72,216 per kg. It had increased by Rs 217. Earlier in the day, gold had lost Rs 250 in the previous session.
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According to the Goodreturns website, the price of 22 carat gold in Mumbai today is Rs 47,730. The price of 24 carat in Mumbai is Rs 48,730. The price of 22 carat gold in Delhi today is Rs 47,890. Gold for 24 carats is trading at Rs 52,190. Today, the price of 22 carat gold in Chennai is Rs 46060 and 24 carat gold is Rs 50240. In Kolkata, the price of 22 carat gold is Rs 48,490 and 24 carat gold is Rs 51,190.
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Meanwhile, falling gold has put pressure on it. Consumers are also confused about whether to buy gold or not. Commodity analysts, however, are positive. Gold prices are expected to rise in the near future. Gold is expected to rebound by the end of December. According to some sources, the price of gold is likely to touch Rs 53,500 by the end of this year.
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