Wednesday , December 25 2024

Big fall in gold prices, golden opportunity to buy

Although gold prices are increasing in foreign markets, gold has become cheaper by more than Rs 400 in the domestic market of India. Which is a relief news for gold buyers. After this cut, the price of gold in various cities of the country has come down to below Rs 73 thousand.

Talking about the country's capital Delhi, the price of 22 carat gold has fallen by Rs 400 and the price of 24 carat gold has fallen by Rs 410. Similar situation has been seen in Chennai, Pune, Mumbai, Kerala and Ahmedabad.

Gold became cheaper in Delhi

A big fall in the price of gold has been seen in the country's capital Delhi. According to Good Returns data, the price of 24 carat gold has fallen by an average of Rs 400 across the country. Whereas in Delhi, gold has become cheaper by Rs 410 per 10 grams. After which the price of 24 carat gold in Delhi has come down to Rs 72,970 per 10 grams. The price of 22 carat gold has fallen by Rs 400. After which its price has decreased to Rs 66,900 per 10 grams. Gold prices have fallen significantly in the last 10 days.

Gold prices in foreign market

On the other hand, there is a rise in the price of gold in the foreign market. In the US Comex market, gold prices rose by $ 5.80 an ounce and closed at $ 2,348.80 an ounce. The spot price of gold is seen at $2,343 per ounce with an increase of $6.68 per ounce. In the British market, gold prices were trading 6.16 pounds per ounce at 1,866.44 pounds per ounce. In the European market, gold prices are seeing an increase of 7.39 Euro per ounce and it is closing at 2,172.83 Euro per ounce.