Gold price update :  Buyers shunned by heavy fall in gold, cheaper by Rs 6000, new price

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Gold price update : सोने में भारी गिरावट से झूम उठे खरीदार, 6000 रुपये तक हुआ सस्ता, जाने नया भाव

Gold Price Update: Gold is very good news for buyers.  On Friday, gold prices fell for the third consecutive day.  In this way, gold has become cheaper by Rs 6000 from its highest level so far.  The Army closed at Rs 50421 per ten gram with a fall of Rs 354 on Friday.

 On the other hand, silver declined by Rs 1,091 to close at Rs 67374.  Earlier on Thursday, silver had closed at Rs 68592 per kg.  Let us tell you, there can be a difference of between 500 and 1000 rupees in this rate and in the price of your city.

 Significantly, for the last three days, a continuous decline in the price of gold is being recorded.

In its first session, gold has seen a gain of 0.85 per cent.  However, this boom came after falling to Rs 1,200 per 10 grams in a single day.  After reaching a high of Rs 56,200 in August last year, the price of gold has become cheaper by Rs 6,000 per 10 grams so far.

 Gold prices have declined in the international market.  However, on the basis of the past one week, the overall price of gold has increased by 0.7 per cent.  The total holding of the world's largest exchange-traded fund, ETF, SPDR Gold Trust, has come down by 0.4 per cent to 1,182.11 tonnes.

According to experts, due to the strengthening in the US dollar and the rise in bond yields, gold prices have come down.  According to bullion market experts, the Biden administration managed to save from the huge fall in gold prices, hoping for another relief package.  News of the Kovid vaccine will be heavy on the relief package.  In such a situation, there will still be an upsurge in the market.

 Let us tell you that even in 2020, gold and silver have given tremendous returns to investors.  In 2020, gold has given 27 per cent returns to investors and silver has given around 50 per cent.  In August 2020, the price of gold had reached an all-time high of Rs 56,200 per 10 grams.  At the same time, silver also reached around Rs 80,000 per kg.

 

According to experts, the price of gold can go up to Rs 60-65 thousand per 10 grams this year.  At the same time, silver can go up to 90 thousand rupees in the next two-three months.  These people say that the impact of good news about the Corona vaccine is affecting the price of gold at the global level.