The continuing fall in gold and silver is not taking its name to stop. Today, for the third consecutive day, their prices have seen a fall. According to the website of India Bullion and Jewelers Association (IBJA), gold has come down by Rs 182 to Rs 47,010 per 10 grams in the bullion market on Thursday. Talking about the futures market, gold is trading at Rs 46,911 with a fall of Rs 127 on MCX at 1 pm.
Silver became cheaper by more than Rs 1,100 In the
bullion market, today silver has become cheaper by Rs 1,148 to Rs 63,362 per kg. On MCX, it is trading at Rs 63,874, down by Rs 309 at 1 pm.
Gold became cheaper by Rs 563 this week. In the
bullion market, a fall of Rs 563 has been seen in gold so far this week. Earlier this week, gold was at Rs 47,573 which is now at Rs 47,010 per 10 grams. On the other hand, when it comes to silver, it has become cheaper by Rs 1,754 this week at Rs 63,362 per kg.
Now gold may come down
further, says Manoj Kumar Jain, director of Prithvi Finmart, that when the dollar is strong, the price of gold falls. Right now the price of one dollar is equal to Rs 73.74 and its price may increase further. Gold strengthens in the dollar, gold can come close to Rs 46,500 in the coming days.
Increase in corona will have an effect on the price of gold
Manoj Kumar Jain says that once again the cases of corona have started increasing in the country and the world. In such a situation, there can be an increase in gold in the long term. According to him, by the end of the year, the price of gold can reach 50 thousand rupees.
This year gold has become cheaper by more than 3 thousand so far
, on January 1, gold was at Rs 50, 300. Which has now come down to Rs 47,010 per 10 grams. That is, gold has become cheaper by Rs 3,290 so far this year.
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