Gold Price Update: Gold becomes cheaper by more than 10 thousand rupees per 10 grams, buyers happy, know the latest price

Last updated| SUNDAY| 21 FEB 2021

New Delhi :

 If you are thinking of buying gold, then there is good news for you.  There has been a continuous decline in the price of gold and silver for the last few days.  This week, gold has become cheaper by Rs 1200 per 10 grams so far.  Silver has also broken down to Rs 2500 per kg in a week.  At present, gold is trading around 10 grams per Rs 46,000.  After this decline, gold prices reached an all-time low of 8 months, while silver futures fell by 1 percent to Rs 68,479 per kg.

From this week on the last trading day, Friday also saw a fall in the price of gold.  On Friday, gold fell by Rs 239 to Rs 45,568 per 10 grams.  Earlier on Thursday, the price of gold was at Rs 45,807 per 10 grams.  Prior to this, gold had closed at Rs 46,187 per 10 grams to Budhwara.  On Tuesday, gold had closed at Rs 46,819 per 10 grams.  On Monday, gold was Rs 46,909 per 10 grams.

 On Friday, the price of silver also fell drastically.  In Delhi, silver fell by Rs. 723 to Rs. 67,370 per kg.  On Thursday, the price of silver was at Rs 68,093 per kg.  On Wednesday, the price of silver was Rs 68,255 per kg.  Silver was Rs 69,513 per kg on Tuesday.  Silver was Rs 69,435 per kg on Monday.

When we compare the current price of gold to the all-time high of gold, it shows that there has been a big fall in the prices of gold and silver.  Right now, gold is priced at Rs 46,102 per 10 grams, while silver is selling at Rs 68,239 per kg.  Gold touched its all-time high in the month of August.

 Gold had reached the level of Rs 56,200 per 10 grams.  Since then, gold has become cheaper by Rs 10,000.  Silver also touched its all-time high in August and touched near Rs 77,840 per kg.  Since then, silver has become cheaper by Rs 10,000.

 According to experts, the concerns of corona infection are now going away from the minds of the people.  Hence, people are no longer buying gold as a safe investment.  Investors have turned to the stock market.  In the coming days, prices may fall further.

 In fact, Finance Minister Nirmala Sitharaman has announced a 5 percent reduction in import duty on gold and silver in the budget proposal.  Currently, 12.5 percent import duty has to be paid on gold and silver.  But now from October 1, only 7.5% import duty will be paid on gold and silver.  This will also reduce the prices of gold and silver.