First Published Feb 13, 2023, 12:46 PM IST
The price of gold will fall drastically. Especially, the price of gold is currently on a downward trend from record highs. But if you are planning to buy gold jewelry then this is the right time. This is because gold is nearing the bottom from the peak. In this background, let’s find out how much the price of Libra gold has decreased.
If you too are preparing to buy gold, don’t postpone your decision till tomorrow. On Friday, the last trading day of the week, a huge fall was recorded in gold prices. The impact of the fall in foreign markets was also felt in India today, with gold prices falling by Rs 669 in the national capital’s bullion market on Friday. With this decrease, the price of 10 grams of gold today has come down to Rs.56,754 per 10 grams. In the previous trading, the price of 10 grams of gold closed at Rs.57,423.
Talking about silver, strong decline was seen here as well. Silver price fell by Rs 1,026 to Rs 66,953 per kg on Friday. The price of spot gold in the Delhi market fell by Rs.669 to trade at Rs.56,754 per 10 grams.
The prices of gold and silver in the foreign market also declined. Prices of the two precious metals fell by 1,866 to $22.12 an ounce, respectively.
A fall in gold futures prices
On Monday, the price of 10 grams of gold fell by Rs.161 to Rs.56,691. On the Multi Commodity Exchange, the delivery contract in April was Rs. 161 or 0.28 per cent to Rs 56,691 per 10 grams. There was a turnover of 15,476 lots. Market analysts said that offloading of positions by participants mainly influenced the fall in gold futures prices.
Silver prices fell by Rs 276 to Rs 66,754 per kg in futures trade on Friday, as participants trimmed their positions amid reduced demand in the spot market. On the Multi Commodity Exchange, silver for delivery in March fell by Rs 276, or 0.41 per cent, to Rs 66,754 a kg.
If we observe domestically, the price of Tulam gold has decreased drastically in Hyderabad, if we observe that the price of gold has come down to 57,000 in the last four days, then pasidi lovers are interested in shopping for gold. . In this background, customers have to be careful about the quality of gold. If you have any doubts about the quality, you can immediately complain to the concerned quality standards department.