look news india
There is a great and relieved news for people planning to buy gold in Indian markets. Gold, which has been continuously strengthening for the last several weeks, has now come down from the bend. In the last one week of trading session, gold prices have been strongly declined, causing the bullion markets to return to the beauty once again.
According to statistics, the price of 24 carat gold in the last one week is almost 1200 rupees per 10 grams Has become cheaper. This decline is no less than a gift for those who were waiting to buy gold jewelery for the upcoming festive and wedding-wedding season. So let us know in detail what are the major reasons behind this decline and now what is the fresh gold price of gold in major cities of the country.
Why did ‘yellow gold’ become cheaper?
International factors are mainly responsible for this huge fall in gold prices. Gold is considered a ‘safe haven’ i.e. ‘safe investment’, and whenever there is stability in the global market, its prices are pressurized.
How much gold has changed in a week? (Weekly update)
If we look at the figures of this trading week (August 12 to 17 August), there was a unilateral decline in gold prices. At the beginning of the week, 24 carat gold which was trading around Rs 73,000 per 10 grams, fell to the level of Rs 71,800 by the end of the week. In this way, investors and buyers have directly benefited more than Rs 1200 per 10 grams. Similarly, the prices of 22 carat gold have also seen heavy softness.
Today’s gold price in major cities of the country
After this major decline, the latest rates of 10 grams of gold in different cities of the country are as follows:
(Note: These prices are estimated and do not include GST and making charge. Contact your local jeweler for an exact price.)
Is this the right time to buy gold?
Market experts believe that this improvement in prices has brought a great opportunity for buyers.
Overall, this decline in gold prices is definitely a major relief for buyers and in the coming days, there is every hope of increasing the rush of customers in bullion markets.