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Gold Price Update: Gold price change, getting up to Rs 12000 cheaper

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The news is a bit good, a little sour for gold buyers. While the price of gold was softening till March, it has been rising steadily since April. The first two days of April saw a sharp rise in gold prices. Like on Thursday, gold also shone on Friday and its price reached close to 45 thousand. On Friday, the last day of this trading week, gold reached Rs 44,380 per 10 grams.

Gold Price Update: Gold price change, getting up to Rs 12000 cheaper

Let me tell you that in the first three months of the year 2021, gold became cheaper by more than Rs 5,500, while in the month of March alone, the price of gold fell by more than Rs 1,300. While silver prices rose to Rs 1400. The rate of 1 kg of silver reached close to Rs. 65000.


According to market analysts, the delay in announcing the 2 2 trillion stimulus package in the US market has boosted inflation expectations. In such a situation, investment in gold has increased. Meanwhile, the second wave of corona virus has once again attracted investors to choose gold as a safe investment, due to which the demand for gold has increased and the price is returning sharply.



Bullion market experts believe that the price of gold may rise in the next two months. Soon the price of gold may reach Rs 48,000 per 10 grams. Increasing investment in gold will push up the price. The price of silver will once again cross 70 thousand.


Looking at the price of gold in four metros of the country, on Friday, gold was selling at Rs 47,800 in Delhi, Rs 44,380 in Mumbai, Rs 47,000 in Kolkata and Rs 46,210 per 10 grams in Chennai.


Significantly, in August last year, in August 2020, gold had touched an all-time high of around Rs 56,200 and now it has reached the level of Rs 44,113 per 10 grams. In this way, gold has become cheaper by up to Rs 13,000 from its all time high. In 2020, gold had gone up by 28 per cent and now it has fallen by more than Rs 12,000. In this year alone, gold has fallen sharply. Not only that, silver has also seen a decline of up to Rs 10,000.

According to market analysts, the delay in announcing the 2 2 trillion stimulus package in the US market has boosted inflation expectations. In such a situation, investment in gold has increased. Meanwhile, the second wave of corona virus has once again attracted investors to choose gold as a safe investment, due to which the demand for gold has increased and the price is returning sharply.


Bullion market experts believe that the price of gold may rise in the next two months. Soon the price of gold may reach Rs 48,000 per 10 grams. Increasing investment in gold will push up the price. The price of silver will once again cross 70 thousand.


Looking at the price of gold in four metros of the country, on Friday, gold was selling at Rs 47,800 in Delhi, Rs 44,380 in Mumbai, Rs 47,000 in Kolkata and Rs 46,210 per 10 grams in Chennai.


Significantly, in August last year, in August 2020, gold had touched an all-time high of around Rs 56,200 and now it has reached the level of Rs 44,113 per 10 grams. In this way, gold has become cheaper by up to Rs 13,000 from its all time high. In 2020, gold had gone up by 28 per cent and now it has fallen by more than Rs 12,000. In this year alone, gold has fallen sharply. Not only that, silver has also seen a decline of up to Rs 10,000.


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