Gold Price: As the wedding season is on, there is a lot of enthusiasm among the people regarding the purchase of gold jewellery. At the same time, many people are worried about the ever-increasing price of gold. If you are also looking to buy gold and the budget is staggering in buying it, then there is very good news for you. In fact, a fall in the price of gold has been recorded. A huge fall in gold has been recorded in the Delhi bullion market on Friday.
According to HDFC Securities on Friday, gold fell by Rs 451 to Rs 46,844 per 10 grams in the Delhi bullion market amid fall in the price of precious metals in global markets and improvement in the rupee’s exchange rate against the dollar. Let us tell you that earlier gold had closed with Rs 47,295 per 10 grams. On the other hand, if you take a look at silver, it has also registered a decline. Silver has fallen by Rs 559 to Rs 67,465 per kg, while if we talk about the previous session of silver, it was up to Rs 68,024 per kg.
Gold fell by more than 9000
On Friday, the Indian currency rupee improved by four paise to close at 74.67 against the dollar in the foreign exchange market. In the international market, gold was trading with marginal gains at USD 1,805 an ounce, while silver was almost unchanged at USD 25.93 an ounce. Experts believe that gold has strengthened due to the fall in US Treasury earnings. For information, let us tell you that last year there was a huge jump in the price of gold. In August 2020, the price of gold was recorded up to Rs 56,200. If seen in this way, according to this, the price of gold has fallen by more than 9000 since then.
then the price of gold will increase
There is a huge atmosphere of fear around the world regarding Corona Delta Plus. Just as the second wave attacked the world after the first, in the same way the third wave is also being speculated. If this happens, the stock market will be affected. This will lead to a major fall in the market. In this situation, the investment should be activated and they can turn to gold for a safe investment. Due to this reason, experts are saying that gold can again touch the level of 52000 per ten grams by Diwali.