Experts predict that the price of gold may soon fall below Rs.50,000 per 10 grams, and if the trend continues, the prices of crude oil may fall to a record level. One of the reasons for this is that the dollar is gaining strength day by day. Now let’s find out in which range gold is currently.
First Published Feb 27, 2023, 4:42 PM IST
It should be said that this is really good news for pasidi lovers as the gold prices fell heavily on Monday, which was the first day of the week. Especially, the price of 24 carat gold is getting cheaper by Rs 3500 per 10 grams. We can see that this is a huge drop compared to the all-time high. Pasidi prices have been falling for the past two weeks from the all-time high, and in this background, pasiddi lovers are shopping for gold.
Today, on 27th February 2023, the new prices of gold and silver are released in the bullion market. Today gold (24 carat) is Rs.10 per gram. 160 started at a low price, Silver per kg Rs. 700 started at a low price. Talking about the price of 22 carat gold, the price of 10 grams of gold in Delhi bullion market is Rs.51,650/-, Mumbai bullion market is Rs.51,500/-, Hyderabad bullion market is Rs.51,500/- and Chennai bullion market is Rs. 52,100/- is trading
Talking about the price of 24 carat gold, the price of 10 grams of gold in Delhi bullion market is Rs.56,130/-, Mumbai bullion market is Rs.56,180/-, Hyderabad bullion market is Rs.56,180/-, Chennai bullion market is Rs. Running Rs.56,140/-
Talking about silver price, 1 kg silver price in Delhi bullion market is Rs.66,800/-, in Mumbai bullion market silver price is also Rs.66,800/-, in Chennai bullion silver price is Rs.66,800/-.
On the other hand, the prices of gold are also decreasing internationally, there are no reasons behind this, especially the strong dollar value is also contributing to the decrease in gold prices, experts predict. Bullion market analysts say that the stronger the dollar, the lower the price of gold. Currently, the price of an ounce of gold in New York is trading below 1800 dollars. In this context, experts say that there is a possibility of a huge fall in gold prices in the retail market as well.
Last Updated Feb 27, 2023, 4:42 PM IST