If you are planning to buy gold, then this is a better opportunity for you. In fact, the price of gold has come down below the 50,000 mark after a long time. Gold fell by Rs 478 to Rs 49,830 per 10 grams in the national capital On Thursday, amid the fall in gold prices globally. In fact, on the last trading day, i.e., on Wednesday, the precious yellow metal had closed at Rs 50,308 per 10 grams. In the international market, gold was trading at $1,689 an ounce. Now today i.e. on Friday, the price of gold in India has been reduced by Rs 580 for 24 carats and 22 carats.
On Friday, the price of 24-carat gold (10 grams) of gold in India is Rs 49,970 while that of 22-carat gold (10 grams) is Rs 45,770. At this time, even after the fear of economic recession in the whole world, the price of gold is declining. But that's usually not the case. In fact, in a crisis like recession and war, gold prices have seen a rise. But this time things have changed. In fact, gold is declining due to the rise in treasury yields in the US and the strengthening of the dollar rising. The fall in gold is a golden opportunity for the buyers of the country.
On Thursday, the global prices of gold fell to a nearly one-year low. And its impact is also being seen in the domestic market. Now, the price of gold has come down for the second consecutive day in the domestic market, the cheapest in 16 months. On Thursday, silver prices fell by Rs 1,265 to Rs 54,351 per kg from Rs 55,616 per kg in the previous trade.
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